15.7% economic recession
The National Statistical Services (NSS) has recorded an unprecedented decline of the gross domestic product (GDP). The latter is said to have dropped by 15.7% from January to May 2009 in comparison with the same period of 2008.
GDP neared 839.3 milliard drams from January to May which was reported 84.3% in the same period of 2008.
56.1% decline was reported in the sphere of construction which has suffered the greatest losses because of the global crisis. All spheres of economy have had the worst indicators: the production of manufactured goods fell by 10.5%, that of agricultural goods by 2.9% and services by 1.7%.
External turnover mounted to 1.3 milliard drams from January to May which is said to have dropped by 33.7% as compared with the same period of 2008. Import reduced by 29.9 and export by 47.8%.
Remind that according to official statistics GDP reduced by 9.7% from January to April.
