WB EXPERT FORECASTS IMPROVEMENT OF ARMENIAN ECONOMY IN 6-9 MONTHS
ARKA
Apr 2, 2009
YEREVAN, April 2. /ARKA/. The economical situation in Armenia amid
global financial an economic crisis will significantly improve in 6-9
months, said Lev Freinkman, the senior economist of the World Bank’s
(WB) Russian office.
During conference "Spurring regional cooperation through information
technologies" in Yerevan on Thursday, Freinkman stated the situation
will be better than it is forecast, despite predicted GDP decline in
Armenia in 2009.
According to him there are different opinions on how much the crisis
will affect Russia and Armenia.
He noted some experts believe the country’s economy will fail, the
others, including himself, are more optimistic.
Freinkman believes the fact that Russia will soon overcome the crisis
and will support CIS countries, specifically Armenia.
He said Russia has great currency reserves, besides prices for oil
and situation on market of assets stabilize, and Russia will soon
overcome the crisis.
According to specified Monetary and Credit Policy of the Central
Bank of Armenia for the first quarter of 2009, the GDP of Armenia
will decrease in real terms by 3% in 2009.
From: Emil Lazarian | Ararat NewsPress