6.8% economic growth recorded in Armenia in 2008 with GDP growth averaging 5% in CIS
07.02.2009,
01:25
Gross Domestic Product (GDP) grew by 6.8% in Armenia in 2008 against 2007. It is the fifth highest indicator recorded among CIS countries covered by the report of the CIS Statistical Committee.
YEREVAN, February 6. /ARKA/. Gross Domestic Product (GDP) grew by 6.8% in Armenia in 2008 against 2007. It is the fifth highest indicator recorded among CIS countries covered by the report of the CIS Statistical Committee.
According to the report, the world financial crisis affected economies of a number of CIS countries by the end of 2008. The crisis effects were most obvious in Russia, Ukraine and Kazakhstan that have a higher level of integration in the world economy.
Reduction in world prices for oil, metals and grain, along with decline in external demand for a number of goods exported by CIS countries, had negative impact on main economy branches of CIS countries.
The CIS governments were taking anti-crisis measures through loans and other means of state assistance to credit organization, enterprises and greater state involvement in economy to support the national financial systems and the real sector of the economy.
According to the CIS Statistical Committee, the highest economic growth was recorded in Azerbaijan in the period – 10.8%, with the lowest growth level recorded in Ukraine (2.1%).
Belarus showed the second economic growth result (10%), followed by Tajikistan (7.9%) and Kyrgyzstan (7.6%).
A 5.6% economic growth was recorded in Russia.
Economic growth rates for Moldova (7.6%), Georgia (4%) and Uzbekistan (9.4%) are provided for January-September 2008 as compared with the same period of 2007.
No information is provided for Turkmenistan. –0--
According to the report, the world financial crisis affected economies of a number of CIS countries by the end of 2008. The crisis effects were most obvious in Russia, Ukraine and Kazakhstan that have a higher level of integration in the world economy.
Reduction in world prices for oil, metals and grain, along with decline in external demand for a number of goods exported by CIS countries, had negative impact on main economy branches of CIS countries.
The CIS governments were taking anti-crisis measures through loans and other means of state assistance to credit organization, enterprises and greater state involvement in economy to support the national financial systems and the real sector of the economy.
According to the CIS Statistical Committee, the highest economic growth was recorded in Azerbaijan in the period – 10.8%, with the lowest growth level recorded in Ukraine (2.1%).
Belarus showed the second economic growth result (10%), followed by Tajikistan (7.9%) and Kyrgyzstan (7.6%).
A 5.6% economic growth was recorded in Russia.
Economic growth rates for Moldova (7.6%), Georgia (4%) and Uzbekistan (9.4%) are provided for January-September 2008 as compared with the same period of 2007.
No information is provided for Turkmenistan. –0--
