MANUK HERGNYAN: ARMENIAN ECONOMY SUFFERED MORE THAN OTHERS FROM GLOBAL ECONOMIC CRISIS
Nelly Danielyan
"Radiolur"
11.02.2010 18:33
Specialists of "Economy and Values" research center, which carried our
analysis of CIS, Western Europe and the Middle East countries’
economies, have come to the conclusion that Armenian economy suffered
more than others from the global economic crisis.
Chairman of the Center Manuk Hergnyan stated that the results of the
analysis showed that in countries, where the current deficit was high,
the economic indices were law.
According to Manuk Hergnyan, one of the reasons for economic decline
in Armenia was deformation of the economy structure.
The second wave of the crisis may have more serious results in
Armenia, since the economy has not only failed to rehabilitate, but
also continues to develop in the wrong direction. Even if we avoid the
second wave of the crisis, the economic predictions can hardly be
called optimistic, according to Manuk Hergnyan.
He forecasts that if there is no second stage of crisis observed in
2010, economic decline at the volume of 3% or increase of up to 3% can
be expected in Armenia, at that inflation will make 6-9%.