Armenian economy enters recovery stage, prime minister says<br />


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.
  -   Economy