T. DJRBASHYAN: “WE DO NOT HAVE RIGHT TO DISCUSS WORL ECONOMIC DECREASE”
“Economic decrease was talked eight months ago. All economic developments have a notion of cycle,” said Tigran Djrbashyan, the director of AEPLAC.
“After the New Year and Chritmas holidays the crisis was strengthened in the hypothec market, and it caused the economic decrease of the USA,” he said. According to him the hypothec market has great impact on society that is why the economists were depressed also.
”In January 22 the directors’ board of the USA federal reserve decided to decrease the rates of refinancing: from 4.25% to 3.5%,” described Djrbashyan. According to him the step was delayed and it had little impact on the reality.
To the question how the economic decrease can influence on Armenian economy, he answered that if it continues then the whole world will suffer from the economic decrease. Particularly Armenia will have problems with the amount of transfers and the price of metal will be lowered, which is very dangerous for Armenian economy.