An economic slump registered in the first half-year of 2009 will be stopped through injections in RA economy, RA Economy Minister Nerses Yeritsyan told a news conference, summing up results of international conference entitled ” Impact of the Global Financial Crisis on Armenia: Short- and Long-run Perspectives”. According to him, the fastest growth rates will be registered in 2010. ” We can only expect a small growth, still, we have to reverse current economic situation in 2010”.
Commenting on development scenarios for financial situation in Armenia, voiced the day before by RA Prime Minister Tigran Sargsyan, Yeritsyan said that during the 2 summer months risks will be linked to the slump in construction sphere. In this connection, he added that the conference discussed the possibility of not viewing one economy sphere as separate from others.
On Tuesday, RA Prime Minister Tigran Sargsyan voiced 3 possible scenarios for economic situation development: possible economy slumps of 9,5%,16% and 20%.
According to statistical data, a 15,7% economic slump was registered in Armenia in January -May 2009.
On June 7-8, Yerevan hosted ” Impact of the Global Financial Crisis on Armenia: Short- and Long-run Perspectives” international scientific conference, organized by Armenian International Policy Research Group (AIPRG).
