Wed, 8 October
15.1 C
Yerevan
USD: 382.63 RUB: 4.67 EUR: 446.61 GEL: 141.12 GBP: 513.68

Former Armenian premier predicts two decades of recession for global economy

YEREVAN, December 22. /ARKA/. The global financial and economic crisis is not over at all and will last at least 15 years, Hrant Bagratyan, economist and former Armenian premier, said on Thursday.
“All the discourse about the first wave of the crisis or about double-dip recession is nothing more than a myth – the world economy will be shaken by the crisis for two decades,” he said.
According to his forecast, 2011 will end in 4.2-4.7% growth in the world economy and 4.5% inflation. In the euro zone, economic growth will even fail to reach one percent – it stood at 0.7-0.8%.
Bagratyan predicted 1-1.5% for the United States and 4% growth and 8.5% inflation for Russia.-0—
YEREVAN, December 23. /ARKA/. The global financial and economic crisis is not over at all and will last at least 15 years, Hrant Bagratyan, economist and former Armenian premier, said on Thursday.
“All the discourse about the first wave of the crisis or about double-dip recession is nothing more than a myth – the world economy will be shaken by the crisis for two decades,” he said.
According to his forecast, 2011 will end in 4.2-4.7% growth in the world economy and 4.5% inflation. In the euro zone, economic growth will even fail to reach one percent – it stood at 0.7-0.8%.
Bagratyan predicted 1-1.5% for the United States and 4% growth and 8.5% inflation for Russia.-0—
spot_img

POPULAR

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img