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Poverty rate in Armenia increases

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Poverty rate in Armenia increases

The economic and social downturn in Armenia is deepening.

According to the country’s national statistics service, over the first quarter of this year alone, the population’s revenues have dwindled by 5 billion drams ($1= AMD 478) compared to the corresponding period of the previous year, ArmLur.am news website reported.

There has been 1% fall in trade and 7.4% fall in construction over the first quarter of 2016.

The GDP has decreased by a billion dollars compared to 2014.

Date
2016.05.25 / 15:46
Author
Axar.az
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