Thursday 30 December 2010
December 30, 2010
Armenia Grapples With Galloping Inflation, Mushrooming Foreign Debt
President Serzh Sarkisian predicts the country will fully emerge from its recession in 2011. But a report compiled by the Civilitas Foundation in Yerevan, offers a more nuanced and less optimistic picture, highlighting such pernicious trends as high inflation, a budget deficit, and the huge increase in Armenia's foreign debt over the past three years.