ARMENIA FACED 16% ECONOMIC SLUMP IN JANUARY-NOVEMBER 2009

/PanARMENIAN.Net/
21.12.2009 18:03 GMT+04:00

/PanARMENIAN.Net/ In January-November 2009, Armenia faced 16% economic
slump. According to official data, GDP volume in the same period went
up to AMD 2.79 trillion, with the monthly rate of downfall making
up 6.6%.

The highest rate of economic slump was fixed in spheres construction
(38.4%), industrial production (9.9%) and agriculture (9.9%), as well
as in services sector (2.5%).

Inflation rate in the above period made up 3.1% compared to the same
period of 2008. In the meantime, monthly inflation rate comprised 1.2%.