{"id":31412,"date":"2011-12-23T02:28:36","date_gmt":"2011-12-23T02:28:36","guid":{"rendered":"https:\/\/armbanks.am\/2011\/12\/23\/234428\/"},"modified":"2025-01-09T10:35:43","modified_gmt":"2025-01-09T10:35:43","slug":"former-armenian-premier-predicts-two-decades-of-recession-for-global-economy","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/12\/23\/31412\/","title":{"rendered":"Former Armenian premier predicts two decades of recession for global economy"},"content":{"rendered":"<div>\n<div id=\"_mcePaste\" style=\"position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;\">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.<\/div>\n<div id=\"_mcePaste\" style=\"position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;\">\u201cAll the discourse about the first wave of the crisis or about double-dip recession is nothing more than a myth \u2013 the world economy will be shaken by the crisis for two decades,\u201d he said.<\/div>\n<div id=\"_mcePaste\" style=\"position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;\">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 \u2013 it stood at 0.7-0.8%.<\/div>\n<div id=\"_mcePaste\" style=\"position: absolute; left: -10000px; top: 0px; width: 1px; height: 1px; overflow-x: hidden; overflow-y: hidden;\">Bagratyan predicted 1-1.5% for the United States and 4% growth and 8.5% inflation for Russia.-0&#8212;<\/div>\n<div>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.<\/div>\n<div><\/div>\n<div>\u201cAll the discourse about the first wave of the crisis or about double-dip recession is nothing more than a myth \u2013 the world economy will be shaken by the crisis for two decades,\u201d he said.<\/div>\n<div><\/div>\n<div>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 \u2013 it stood at 0.7-0.8%.<\/div>\n<div><\/div>\n<div>Bagratyan predicted 1-1.5% for the United States and 4% growth and 8.5% inflation for Russia.-0&#8212;<\/div>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,12168,9216],"tags":[12688,12757],"class_list":{"0":"post-31412","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-interviews","8":"category-news","9":"tag-armenia-analyst-inflation","10":"tag-usa"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/31412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=31412"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/31412\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=31412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=31412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=31412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}