“If a new wave of crisis starts, it will be impossible to predict what the development dynamics of our economy may be in the end of the year,” says the president of the “economy and values” research center Manouk Hergnyan. He does not exclude the possibility that there may be another phase of crisis, which may be deeper and more difficult to cope with. “This risk is still pending both for the world economy and Armenia,” he said. Concerning the anti-crisis policy and projects on part of the government he says these were low-scale projects and activities, which even in some extent had a negative impact on the competition environment.
