58% of Armenian families are impacted by financial crisis
Armenian Marketing Association, Member of Eurasian Monitor International Research Agency, conducted monitoring research in Armenia. The research, conducted through the period of Apr. 20 -30, 2009, dealt with world financial crisis issues and involved 1082 people.
The respondents were requested to assess the impact of world financial crisis on financial situation in their families. Current estimate shows 58 % families have felt the impact of financial crisis. Only 8% say the crisis hasn't influenced their financial situation.
Respondents also noted the following factors, which occurred within the last 3 months. 85% indicated price raise for products and services, 29% mentioned income decrease, 26% were subjected to job cuts, 20% had delays in payment of salaries, pensions, scholarships.
According to research results, world financial crisis lead to 71% trying to save on purchases, 63% apply strict economy on everything they purchase, 12% save on rest and entertainment, 10% on cloths, 5% and 4% on domestic appliances and utilities, and 3% on foodstuff.
When asked to assess information on financial crisis, received from government, 66% of respondents said they believe the government provides distorted information on economic crisis not to stir panic, 19% believe the information to be impartial, enough to get one's bearing of current developments. 10% are of the opinion government tends to exaggerate financial crisis consequences to distract people's attention from other vital issues, and only 7% think the government provides distorted information as it has developed an anti-crisis policy and sees possibilities for its successful implementation.
Armenian Marketing Association hopes that government- implemented projects will help Armenia avoid social shocks and turning the country's economy into an organism on life-support needing permanent injections in form of credits to continue its existence. The Association believes Government's injections will be effective, goal-oriented and will benefit Armenian economy, AMA statement said.
The respondents were requested to assess the impact of world financial crisis on financial situation in their families. Current estimate shows 58 % families have felt the impact of financial crisis. Only 8% say the crisis hasn't influenced their financial situation.
Respondents also noted the following factors, which occurred within the last 3 months. 85% indicated price raise for products and services, 29% mentioned income decrease, 26% were subjected to job cuts, 20% had delays in payment of salaries, pensions, scholarships.
According to research results, world financial crisis lead to 71% trying to save on purchases, 63% apply strict economy on everything they purchase, 12% save on rest and entertainment, 10% on cloths, 5% and 4% on domestic appliances and utilities, and 3% on foodstuff.
When asked to assess information on financial crisis, received from government, 66% of respondents said they believe the government provides distorted information on economic crisis not to stir panic, 19% believe the information to be impartial, enough to get one's bearing of current developments. 10% are of the opinion government tends to exaggerate financial crisis consequences to distract people's attention from other vital issues, and only 7% think the government provides distorted information as it has developed an anti-crisis policy and sees possibilities for its successful implementation.
Armenian Marketing Association hopes that government- implemented projects will help Armenia avoid social shocks and turning the country's economy into an organism on life-support needing permanent injections in form of credits to continue its existence. The Association believes Government's injections will be effective, goal-oriented and will benefit Armenian economy, AMA statement said.
