YEREVAN, February 7. /ARKA/. Armenian economy should be ready for very pessimistic outlooks because of the crisis in Europe, Gagik Minasyan, head of the National Assembly’s financial and budgetary commission, said on Tuesday.

He told ARKA News Agency that integration degree is very high in the world, and not a single county that has trade ties with European Union can’t avoid impacts of Europe’s current problems.

Minasyan said that every country is trying to lessen possible impacts of the recession by using own instruments – Armenia is trying to diversify its economy to cushion adverse impacts.

He also stressed that it is still not known how severe the upcoming crisis will be. Therefore Armenian economy should be prepared for the worst. -0-