9.7% Decrease In GDP In Armenia In Jan-Apr 2009

9.7% DECREASE IN GDP IN ARMENIA IN JAN-APR 2009

ARKA
June 3, 2009

YEREVAN, June 3. /ARKA/. A decrease of 9.7% in gross domestic product
(GDP) was recorded in Armenia this January-April as compared with
corresponding period last year. The CIS Statistical Committee reported
an average decrease of 9% in GDP in the CIS this January-April as
compared with the corresponding period last year.

During the period under review, the macroeconomic situation worsened
in three of the CIS member-countries, and improved in four of them.

The largest GDP growth was recorded in Azerbaijan (4.3%), followed
by Tajikistan (2.9%), Belarus (1.2%) and Kyrgyzstan (0.5%). On the
other hand, a decrease of 5.1% in GDP was recorded in Kazakhstan
(in basic economic activities), and a decreased of 9.8% in Russia.

In the 1st quarter this year, Uzbekistan recorded 7.9% GDP growth as
compared with the corresponding period last year. Georgia recorded 2.1%
GDP growth last year as compared with 2007.

Turkmenistan and Ukraine did not provide any information.

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