ARMENIA’S ECONOMIC DECLINE IN USD WAS 30-32%: FORMER CB GOVERNOR

ARKA
Jan 28, 2010

YEREVAN, January 28, /ARKA/. A former governor of Armenian Central
Bank, Bagrat Asatrian, argued Wednesday that Armenia’s economic
decline in 2009, in terms of USD, was 30-32%.

According to the provisional figures of Armenia’s National Statistical
service, the country’s GDP fell by 14.4 in 2009 to 3.165.5 trillion
Drams.

Speaking at a news conference, Bagrat Astarian said Armenia’s GDP
in 2088 totaled $12 billion Drams, while in 2009 it slashed to about
$8.1 billion. ($1 – 377.83 Drams).