The messenger logo

Armenian PM on world crisis

By Messenger Staff
Monday, May 18
Armenian Prime Minister Tigran Sarkisian has stated that the world financial and economic crisis is much deeper than was initially assessed by the IMF and World Bank. Unfortunately the prognoses of these organizations have changed for the worse, he said.

2009 could be the most dramatic year for the economy but hopefully by the end of it stabilization might occur and from 2010 onwards some positive developments can be seen,.