RA Prime Minister Tigran Sargsyan named four scenarios of global crisis possible exacerbation, underlining they are based on research by 1400 world think tanks.

Under first scenario, crisis has a V-shape semicircle form that coming to a boil is still on prosperity phase. Under the second, crisis already came to boil, however the second wave is impending. Third scenario also implies early end of crisis, however in this case economy enlivening will be lasting, say some 10 years. This version is supported by Japanese experts. And, the fourth one foresees long-term economy revitalization.

Sargsyan underlined that in H1 2009 the overwhelming majority of experts backed the fist scenario, whereas the second one was more supported in H2 2009. “We should be ready for all 4 scenarios. We enter 2010 with balance of AMD 80bn on hand and stabilization fund of AMD 54bn,” Premier stated, adding that $100m credit from international organizations is pending. “All this creates firm bases to face new challenges,” Sargsyan concluded.

A.G.