ARMENIA: Crisis has severe impact on property sector - Oxford Analytica

Report title: ARMENIA: Crisis has severe impact on property sector

from Oxford Analytica
1188 word report published Nov 04, 2009

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Abstract:

The construction sector has been financed by remittances, mostly from Russia, and was a major driver of growth. This went into reverse when the international economic crisis began to be felt in Armenia in early 2009.

Brief Excerpt:

ARMENIA: Property market ARMENIA: Crisis has severe impact on property sector A fall in remittances and a collapse in construction have led to a more severe contraction than expected, the IMF Executive Board observed on November 2....

Source:

Oxford Analytica

Country / Region:

EE, RUCIS, Armenia, Azerbaijan, International, Turkey

Topic:

economy, politics, capital flows, construction, growth, prices, private sector, property, regional, international relations, border conflict, debt, exchange rate, foreign investment, foreign policy, privatisation

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Table of Contents:

GEOGRAPHIC REGIONS : EE, RUCIS, Armenia, Azerbaijan, International, Turkey

TOPICS : economy, politics, capital flows, construction, growth, prices, private sector, property, regional, international relations, border conflict, debt, exchange rate, foreign investment, foreign policy, privatisation

SIGNIFICANCE : The construction sector has been financed by remittances, mostly from Russia, and was a major driver of growth. This went into reverse when the international economic crisis began to be felt in Armenia in early 200

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