The Jewish lobby is likely to stop supporting Turkey and Armenia can derive benefits from the situation, an Armenian expert told a news conference in Yerevan today.

"U.S. President Barack Obama has two months to develop his administration's stance on the Armenian issue. Besides, with the Jewish support to Turkey waning, recognition of the Armenian Genocide becomes more real," said Richard Giragosian, the new director of the Armenian Center for National and International Studies (ACNIS).

Turkish Prime Minister Recep Tayyip Erdogan walked off the stage after an angry exchange with the Israeli President, Shimon Peres, during a panel discussion on Gaza at the World Economic Forum last week, and vowed never to return to the annual gathering.

"When it comes to killing, you know well how to kill," he told the Israeli President.