Economist: Real economic decline over 27 percent in Armenia

Before the crisis the Armenian Government tried to implement some economic programs, whereas, after receiving huge credits from abroad, stopped all the work in this field and is now “dragging out” until the world situation improves, which will have a beneficial effect on the Armenian economy.

“No radical changes will take place in Armenia next year, and you will see the same policy continue,” Nranyan said.

He noted that the “GDP decrease was 14.4 percent, which means that it was more than 27 percent in terms of U.S. dollars. We are back to the indicators registered four or five years ago," he added.

/News.am/