ARMENIA’S FIXED 17.5% ECONOMIC DOWNFALL IN JANUARY-OCTOBER 2009

/PanARMENIAN.Net/
20.11.2009 15:08 GMT+04:00

/PanARMENIAN.Net/ Over the past 10 months, Armenia fixed a 17.5%
economic downfall compared to the same period of last year.

According to the official data of RA National Statistic Service,
GDP in January-February comprised AMD 2466,3 billion. This is a very
promising rate which leads local and foreign experts to the assumption
that 2009 economic downfall will make up 15%.

Inflation rate in January-October was 3%, compared to the same period
of last year. Whereas only in October, this rate comprised 0.5%
compared to September 2009.