Influence of global financial and economic crisis on Armenia growing

Influence of global financial and economic crisis on Armenia growing

2009-08-22 14:50:00

ArmInfo. Influence of global financial and economic crisis on Armenia
grew in the 2Q of 2009 which resulted in 16.3% reduction of the real
GDP. Armenian Central Bank Council made a relevant resolution on August
11, CB press-service told ArmInfo.

CB Council called the unprecedented fall in construction and industry
sectors the key reason of the falling GDP.

Armenian National Statistical Service reported that in Jan-Jun 2009
construction sector fell 53.5% to 125 bln drams or $358 mln and
industrial sector fell 11.5% 6to 281.5 bln drams or $808.7 mln.