WB: Armenia To See 16-17% Economic Recession

Emil Lazarian News

WB: ARMENIA TO SEE 16-17% ECONOMIC RECESSION

/PanARMENIAN.Net/
17.12.2009 14:00 GMT+04:00

/PanARMENIAN.Net/ World Bank (WB) forecasts a 16-17% economic recession
in Armenia.

"2009 was a hard year for Armenia but the republic tends to recover,"
head of the WB Yerevan Office, Mr. Aristomene Varoudakis told reporters
on Thursday. "Prices for molybdenum and copper go up gradually,
the real estate market also seems to activate."

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