YEREVAN. – Second phase of the world financial crisis quite possible, oppositional Armenian National Congress (ANC) representative, economist Vahagn Khachatryan told the journalists on Wednesday.

"I follow the facts and analyses that took place in the world market. I think that world crisis may happen again. The second phase will deepen,” Khacharyan said. “French estimation scores are likely to change. If so, the whole Europe will be included, thus including Armenia."

The crisis will influence Russia as well, Khachatryan added. Armenian economy is directly or indirectly connected to it. Armenians should be psychologically ready for it and not just speak, the economist concluded.