71% of respondents: Armenian economy already stricken by global recession

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Economy

30.06.2009, 03:16

On Monday, Armenian Marketing Association, summarizing the results of the survey held in April, said: “71% of respondents are convinced that the global recession has already struck at the country’s economy”.

YEREVAN, June 29. /ARKA/. On Monday, Armenian Marketing Association, summarizing the results of the survey held in April, said: “71% of respondents are convinced that the global recession has already struck at the country’s economy”.

The Association says this figure has grown trice since the previous survey in November 2008 (22%).

Only 20% of respondents against 47% in November think the crisis will impact Armenian economy.

Five percent of surveyed citizens (against 18%) expect a partial impact and three percent (against nine) think Armenia will manage to avoid adverse consequences of the global crisis.

The association surveyed 1,082 residents of Yerevan, provincial centers and villages were surveyed.

Armenian Marketing Association, a member of Eurasian Monitor, was established by a group of marketing experts in 2002.

The necessity to establish this NGO emerged because of precipitous competition growth on Armenia’s market.

The company was established for improving quality of marketing consultations and analyses.

The Association’s mission is to establish ties among Armenian marketing companies, to provide trainings to marketing experts and intensify cooperation between Armenian and foreign organizations and develop marketing institution in Armenia. M.V.-0----

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