2009 worst economic year for Armenia
2009 was the worst economic year in Armenia's modern history, according to Bagrat Asatryan, former CBA chairman.
"The economic recession will exceed 15% in 2009. By the end of the year the GDP will make AMD 3 trillion 100 billion. The government should take action to improve the situation otherwise the country's economy will come across greater hardships during the coming years," he said.
"The current crisis is the result of state policy," Asatryan said.
"The economic recession will exceed 15% in 2009. By the end of the year the GDP will make AMD 3 trillion 100 billion. The government should take action to improve the situation otherwise the country's economy will come across greater hardships during the coming years," he said.
"The current crisis is the result of state policy," Asatryan said.
