Crisis is Not Over, Though There are Positive Trends: Expert

The financial-economic crisis is not over in Armenia yet, though there are positive trends which are impossible to deny, analyst  and candidate of economic sciences Samvel Avagyan said at a press conference today.

In his words the current situation in Armenia’s economy is similar to the situation when one tries to boil water that is already a little warm.

“We are now at that warm situation. It means that there are positive trends, no one can deny or refute them: we cannot but notice it. There are positive trends, but that is not yet the level which provides basis for high optimism. At this moment we should not say that we have overcome the crisis. This resembles rather a recession phase, that is to say, the decline has stopped, we have to some extent stabilized at the low diapason base and are gradually stepping out of this phase.” explained Avagyan.