Armenia economic activity shrank 17% during April

Armenia economic activity shrank 17% during April

PanARMENIAN.Net - Economic activity in Armenia shrank by 17.2% in April year-on-year, data from the National Statistical Service reveals.

Economic activity in the country has contracted as a result of a lockdown imposed in mid-March in a bid to curb the Covid-19 outbreak. Though the state of emergency has been extended, most restrictions have been removed.

In the reporting period, construction and trade declined by 51% and 33%, respectively, while the industrial sector contracted by 8.6%.

Foreign trade turnover decreased by 15.3% year-on-year, exports and imports were down by 30% and 27.4%, respectively.

So far, 7113 cases have been reported in the country, 3145 people have recovered, 87 have died from the disease, while 39 others carrying the virus have died of other causes.

 Top stories
Vahan Kerobyan said Armenia will most probably introduce a ban on the sale of Turkish products as well.
According to Vahan Kerobyan, a sharp decline in the travel industry was recorded last year, but now the situation has changed
Mher Grigoryan added that the government will ensure that the borrowed funds are spent efficiently.
Wizz Air Abu Dhabi will be regularly flying from the Armenian capital of Yerevan to Abu Dhabi, UAE.
Partner news