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Armenian economy tends to stabilize


PaperBoy

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Armenia's economy showed some trends of stabilization, since GDP over the first 7 months fall by 18.5 per cent, over the eight months - by 18.4 per cent. The biggest decline in Armenia’s economy was observed in construction industry: by 53.8 per cent. The volume of industrial production in the country in January-September 2009 reached 459.694 billion AMD, 11.4 per cent less down compared to the same period of 2008. The decline in agriculture averaged 2.3 per cent, while in the service industry - 1.8 per cent.

 

Source: http://www.panarmenian.net/details/eng/?nid=1085

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