Armenia's Economy Down 18.3%

According to the A1+, when compared to the economic growth of last year's January to September period, Armenia has fallen 18.4%, easily overshadowing the .1% gain this month which was caused mostly by an 8.8% growth in construction. However, even construction has fallen, in the January-September period it dropped 43.8% below where it was last year. On a more positive note, unemployment is declining slightly from 83,800 to 83,100, meaning 700 people were employed since the beginning of this month. Will this trend continue? Only time will tell.

Sources: http://www.a1plus.am/en/economy/2009/10/20/economics