EN
21 December 2009 - 14:03 AMT

Armenia faced 16% economic slump in January-November 2009

In January-November 2009, Armenia faced 16% economic slump. According to official data, GDP volume in the same period went up to AMD 2.79 trillion, with the monthly rate of downfall making up 6.6%.

The highest rate of economic slump was fixed in spheres construction (38.4%), industrial production (9.9%) and agriculture (9.9%), as well as in services sector (2.5%).

Inflation rate in the above period made up 3.1% compared to the same period of 2008. In the meantime, monthly inflation rate comprised 1.2%.