Armenia is one of CIS leading countries for GDP slump

Global crisis negatively affected CIS countries due to their economies’ strongly rely on the world demand, raw stuff export prices, international credits flow, investments and industrial production decline, the report reads.

Meanwhile, economy recession lasted in nearly all CIS countries in H1 2009. GDP of CIS countries declined on average for 9% compared to H1 2008.

As for inflation rate, Ukraine leads the list of 12 countries with consumer price increase of 17.6% in H1 2009, Belarus is the second with 14.6% and Russia is the third-13.1%.

/News.am/