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Armenia: World's 2nd Worst Economy?


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#1 Aratta-Kingdom

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Posted 07 July 2011 - 02:01 PM

Forbes Ranks Armenia as World's 2nd Worst Economy
Mu Xuequan

English.news.cn
July 7 2011
China

Tbilisi, July 6 (Xinhau)-- The Forbes magazine has ranked the South Caucasus country of Armenia as the second worst economy in the world this year, after having analyzed the macro-economic indicators of 177 countries and regions over the past three years.

Other data used by Forbes for its analysis included the per capital gross domestic product growths as relesed by the International Monetary Fund (IMF), the IMF-forecast inflation rates in the coming 2012 and the current account balaces.

The 2011 Forbes-ranked world's worst five economies are Madagascar, Armenia, Guinea, Ukraine and Jamaica.

Armenian's economy in 2010 witnessed a 2.6 percent year-onyear GDP growth.

In 2010, the Forbes magazine ranked Zibabwe, the Democratic Republic of the Congo and Guinea as the world's three worst economies.

The Armenian national statistical service reported that the country's per capital GDP at the end of last year was 2,885 U.S. dollars and 3,509.6 dollars in current prices over the reporting period.

#2 MosJan

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Posted 07 July 2011 - 04:33 PM

de lava gone yerkrodn enq

#3 Arpa

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Posted 07 July 2011 - 04:40 PM

Look here;
http://hyeforum.com/...40

Edited by Arpa, 07 July 2011 - 11:20 PM.


#4 Arpa

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Posted 08 July 2011 - 07:10 AM

A follow up reaction.
----
http://news.am/eng/news/67124.html

Authorities explain why Forbes ranked Armenia among worst economies

July 07, 2011 | 18:39
YEREVAN. - American Forbes magazine placed Armenia among the weakest economies of the world, a fact that caused much confusion in the midst of Armenian ruling elite.

During his meeting with journalist in Gyumri the Speaker of Armenian Parliament Hovik Abrahamyan stated that Prime Minister Tigran Sargsyan must respond to this information. However the expected response came from the Minister of Finance Vache Gabrielyan. He explained that Forbes estimation is based on indicators for economic growth, inflation and current account deficit for the past three years. Since 2009 saw significant deterioration of these figures, the rating of the country decreased correspondingly.

“I do not mean to say that Forbes rating has nothing to do with the reality, however this is quite snap estimation, which could never linger for the coming year since we register a price fall and economy growth tendency,” said the Minister.

Note that three post Soviet countries appeared in Forbes World’s Worst Economies list- Armenia (2), Ukraine (4) and Kazakhstan (7).


Below are the complete Top 10 Worst Economies as released by Forbes Magazine:

1. Madagascar

2. Armenia

3. Guinea

4. Ukraine

5. Jamaica

6. Venezuela

7. Kyrgyztan

8. Swaziland

9. Nicaragua

10. Iran




.

Edited by Arpa, 08 July 2011 - 08:08 AM.


#5 Zartonk

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Posted 08 July 2011 - 09:38 AM

Դէ հիմի արի ու բերանդ գող ավազակների դեմ մի բացի...

#6 MosJan

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Posted 08 July 2011 - 12:14 PM

asa Zartonq jan asa, asa togh sirt@t hovana barekam..

#7 Aratta-Kingdom

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Posted 09 July 2011 - 01:11 AM

A follow up reaction.
----
http://news.am/eng/news/67124.html







.


I hate to say this, ...hayastanum zugarani tuxt@ aveli mets arjeq uni, qan mardu beranic durs ekats bar@. Who gives a @#%& what the authorities say. Mardik jigyarov tsiran chen karoghanum uten, xndzori gin@ vosku gnin a havasarvel, ...do they have an explanation to that too? Tsarukyan@, Suqyasyan@, general Manvel@, u iranc nmanner@ shat qich harker en vjarum, joghovrdic goghacatsov joghovrdi vra PAPAYUTYUN en anum, u amboghj yerkri economin iranc dzerqum a. Nothing much can happen in a corrupt system. ....before I forget, Levon ter Petrosyan is the architeck of this corrupt system. They all are dirty. ...amena mets meghavor@ joghovurdn a. Joghovurd@ sirum a vor ira glxin papayutyun en anum. It has become a way of life for most people. If the ordinary people are like that, then you must not expect much from the government.

#8 Anoushik

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Posted 09 July 2011 - 11:09 AM

...amena mets meghavor@ joghovurdn a. Joghovurd@ sirum a vor ira glxin papayutyun en anum...

Bingo. I wonder when/if things will get better in Armenia. It's so sad.

#9 Anoushik

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Posted 09 July 2011 - 11:14 AM

A couple of years ago I'd write enthusiastically about Armenia's future and how the lifestyle of the average citizen in Armenia keeps progressing. But no more. Before I used to say that Armenia was a new independent economy and it takes time. But year after year? Decade after decade? When is it enough to stop and blame outside forces and look within for our problems?

#10 ED

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Posted 09 July 2011 - 07:09 PM

eh Anoushig jan, looks like we believe on everything negative we reed on web & papers.....I still believe on young generation to stand up, yet more and more i see around, new generation is domed and, or; they suffer from Rassian influence, American, Dutch, french, English.

try to ask them about Xachaturyan, Teryan, Hamo Bek-Nazarian, shirvanzade, Sevak, quchak, Narekatsi, u charents...tox neren indz mer metser@ voronts chem aknarkum...parzapes hoqnelem es amen inchits

im sireli 2rktox@ Charentsi.

"du es inchi masin inchu mi sur epigram ches grum
yes im dzerqers amen mi kextot bani chem qsum"

#11 Aratta-Kingdom

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Posted 10 July 2011 - 01:44 AM

Ed, girq kardal@, usum stanal@, qo nshats heghinakneri gortseri het tsanot linel@ shat karevor e---bayc da harci lutsum chi. Karavarutyunum ashxatogherni gerakshir mas@ kardacel e qo nshats heghinakenerin. Iranq partavor en joghovrdic gone mi qani qayl araj mtatsen. Poxaren@ iranq en amenamets keghekichner@. Xndir@ porci bun armati mej tesnes. Mard@ korcrel e iren bnatsin, mardkayin arjaniqner@. Amena tank ban@ bnutyan mej mardn e iren arjaniqnerov. Hayastanum mard@ amen varkyan mtatsum e 'arhestakanoren' iren heghinakutyun@ bardzracnelu, iren yesh@ bolor tesaki arhestatsin harvatsneric pashpanelu masin. Vaxhi u arhestatsin aprelavojov tarvats mardu achq@ misht durs e. Ayspisinner@ kayf en stanum urishnerin qceluc, urishnerin nsemacneluc, ...urishnerin gone mi vatutyun aneluc. Mard@ iran aroghjutyun@ vnaselu hashvin, anasuni pes utum e "chagh u baxtavor" yerevalu hamar. Mard@ aravotic gisher lezu a tapum inch vor mekin arhestakan dzevov molorecnelu u mi ban trcnelu hamar. Mard@ amen mijoci dimum e koghakicnerin vatabanelu u arhestakanoren iren "imag@" bardzracnelu hamar. Voch mijoc@, voch el grqer@ ays diplomavor-kam aranci diplomi apushnerin mard chen darcni. Nerkayis hayastan@ veratsvel e METS STAMOQSI vor sparum e amen inch...qo mijoc@, kyanq@, jamanak@, energyan, aroghjutyun@...amen-amen inch. Amen inch poshianum e ays tartsqum. Yerb ganq ayn gitakcutyan@ vor sovorenq mardun vayel dzevov jptal, poxaren@ hamarvelu ashxarhi amena txur yerkir@, Zimbabveyic heto, yerb ganq ayn gitakcutyan vor serayin aroghj haraberutyun unenal@ bnatsin iravunq e, poxaren@ amusnutyun@ veratselu orinakanacvats pornkutyan, teryevs ayn jamanak kkarogananq mtatsel zargacats economy unenalu masin. Google verjers mi cucak hratarakec vortegh nshvur er vor poqr Hayastanic aveli shat mard e internetum 'porno' bar@ pntrum, qan urish yerkrneric. Sa iroq zaveshtali past e.....Inchi en meronq aydqan txur u chbavararvats? Inchu e Hayastanum inqnaspanutyun@ 20% avelacel, isk artagaxt@ noric tap e havaqum?

#12 Anoushik

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Posted 11 July 2011 - 11:50 PM

eh Anoushig jan, looks like we believe on everything negative we reed on web & papers.....I still believe on young generation to stand up, yet more and more i see around, new generation is domed and, or; they suffer from Rassian influence, American, Dutch, french, English.

try to ask them about Xachaturyan, Teryan, Hamo Bek-Nazarian, shirvanzade, Sevak, quchak, Narekatsi, u charents...tox neren indz mer metser@ voronts chem aknarkum...parzapes hoqnelem es amen inchits

im sireli 2rktox@ Charentsi.

"du es inchi masin inchu mi sur epigram ches grum
yes im dzerqers amen mi kextot bani chem qsum"

Edward jan, im morkuris tghan hayastanum bjshkakanni bachelorn e stanum ays amis. Inq@ batsariq e sovorum, shat kartatsas u zarqatsats. Ays djvar tarinerin, yerb bolor@ tsanotov en dprots @dnunvum inq@ ir batsariq giteliqnerov karoghatsav mnal bjshkakani anvjar usman bajin@ hing tari. Shat djvar er ir hamar, vorovhetev amen rope iren karogh ein hanel ayd bajnits u inchvor mi harusti yerexayi dnel. Bayts apri im morkuri tghan, na sharunakets ir gerazantsik sovorelov mnal anvjar bajhin@. Hima irents avartakan kurs@ unen shat mets problem. Inchvor krtutyan orenqnern u daser@ poxum en Hayastanum vor aveli matcheli lini international mashtapnerin. Shat lav. Shat goh enq. Bayts kurs@ mnatsel e anorosh vijakum. Nranq chgitem inch diplom en stanalu. Chgiten inch diplomov en sharunakelu. Vor bjishk darnan irents petq e "magistratura" u iharke, heto practica. Bayts hima im cousin@ kanogh e noyemberin banak gna. Da el enq haskanum. Partadir e. Bayts iren stipum en vor ir bjshkakan tegh@ pahelu hamar inq@ arden vjari septemberi u hoktemberi hamar vor yerb banak gna noyemberin u yerku tari heto het ga, ir tegh@ mna. Da arden shat anardar e u vor asum enq angleren "doesn't make sense". Hima es mer xeghj jahelner@ inchpes nayem apakayin? Inch apaka?

#13 Anoushik

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Posted 11 July 2011 - 11:56 PM

Amena tank ban@ bnutyan mej mardn e iren arjaniqnerov.

Ayo, Hayastanum mard@ arjeq chuni. Mard@ mardun chi hargum.

#14 Louise Kiffer

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Posted 21 July 2011 - 02:38 PM

de lava gone yerkrodn enq

- - - - -
I am very surprised that Madagascar is the last on the list, because Madagascar was a French colony, at school we learnt everything
about it, and many French people used to go there, it was not a poor country like Armenia now. The people went to French schools and
they used to speak French. Now they are independant.




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