ARMENIA WILL NOT OVERCOME THE CRISIS IN 3-4 YEARS, HRANT BAGRATYAN SAYS
Nelly Danielyan
"Radiolur"
19.03.2010 14:48
Is the economic crisis over? "An Armenian version of the crisis
conditioned by Armenian economic realities exists in our country
today," member of the Armenian National Congress, ex-Prime Minister
of Armenia Hrant Bagratyan told a press conference today.
According to Hrant Bagratyan’s prediction, the crisis will not
be overcome by 2010-1013. On the contrary, its consequences will
further deepen.
"Naturally, the social crisis must deepen now, because last year’s
huge macroeconomic decline was not followed by a decline of social
conditions. It must take place a little later," he said.
Besides, the Government will not manage to overcome he crisis, because
90% of the crisis in our country is conditioned by Armenian factors.
The first of them is the extreme centralization of the economy.
According to Hrant Bagratyan, Armenia will feel the adverse impact
of the crisis for another 3-4 years.