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    Emil Lazarian
  • 15 years ago
    • Categories: News

Economic Conditions To Get Tougher In 2010: Asatryan

ECONOMIC CONDITIONS TO GET TOUGHER IN 2010: ASATRYAN

NEWS.am
12:37 / 12/10/2009

There is no guarantee that Armenia will register enlivening in 2010,
Former Chairman of Central Bank of Armenia Bargrat Asatryan stated
at Dec. 10 meeting with the journalists.

"Based on my estimates, economic conditions are expected to get tougher
in 2010, at that it is the best case scenario," Asatryan said noting
that economic slump 2010 will make 1.5% as compared to 2009.

According to the expert, the downturn in the country will exceed 15%
this year.

Economic growth will be registered in some fields, however decrease
in foreign trade will be recorded, Asatryan underlined, adding that
upturn can be expected only in 2011.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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