Poverty rate in Armenia increases

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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, 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.

2016.05.25 / 15:46
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