HRANT BAGRATYAN: THE CRISIS PHENOMENA IN ARMENIA AND CIS NOT LINKED TO THE WORLD CRISIS
Lusine Vasilyan
"Radiolur"
14.01.2009 14:38
The crisis phenomena in Armenia and the Commonwealth of independent
States are not connected with the world financial crisis. The world
financial crisis simply stimulated the trends that speak about
the structural deviations of economy in Armenia and CIS countries,
economist Hrant Bagratyan told a press conference today.
Bagratyan added that the second phase of the world economic crisis is
expected within the coming months. According to him, Armenia will not
be able to avoid deflation of the national currency and the growth
of unemployment rate.