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May 24th
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ECONOMIC BREAKDOWN IN ARMENIA

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Today the world is seeking ways to overcome the global financial crisis. Meantime the Armenian Government takes illogical steps doubling the tax burden. Armenia

How will you assess the year of 2008 from the economic point of view?

According to the statistics, the fall of the Gross Domestic Product (GDP) was 45 percent a month. It further went down in December, 2008. It should be noted that the output largely increased in the world in November and December. While in Armenia we faced the opposite scene: the gross agricultural product has decreased twice which means we have returned to 1992. I wouldn

 

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