Armenian economy enters recovery stage, prime minister says
25-12-2009 19:56:00 | Armenia | Economy
YEREVAN, DECEMBER 25, NOYAN TAPAN. The macroeconomic
indices show that in September Armenia entered a stage of
recovery. Prime Minister Tigran Sargsyan said this at the
December 25 press conference, adding that in the first half of
2009 the indices of economic decline were high, whereas in the
second half the decline rates have slowed down, as a result of
which the economic decline makes 15% at the end of 2009 as
compared to 18.4% early this year.
T. Sargsyan noted that retail trade grew this year compared
to 2008 which, according to him, is conditioned by the
cirumstance that citizens started exhibiting a more cautious
spending behavior.