"ARMENBROK": ECONOMIC RECESSION TO REACH 15 PER CENT IN 2009 IN ARMENIA

/PanARMENIAN.Net/
23.11.2009 15:01 GMT+04:00

/PanARMENIAN.Net/ Economic recession will reach 15 per cent in 2009
in Armenia, Aram Kayfajyan , CEO of Armenbrok investment consulting
and brokerage company said in Yerevan, answering the question of a
PanARMENIAN.Net reporter. "I think we will reach 15 per cent economic
downturn, not more," he said.

Over the last ten months of 2009 economy shrunk 17,5 per cent in
Armenia compared to the same period in 2008. According to the National
Statistical Service of Armenia, country’s GDP in January-October of
2009 amounted to 2,466.3 billion AMD.
From: Baghdasarian