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ROSGOSSTRAKH vice-president: double-dip recession inevitable

01.02.2012 20:43

ROSGOSSTRAKH vice-president: double-dip recession inevitable

YEREVAN, February 1. /ARKA/. Rafael Minasbekyan, strategic business development vice-president of ROSGOSSTRAKH Group and a member of shareholders’ board, finds a double-dip recession inevitable.

Speaking Wednesday in Novosti International Press Center, he said that this double-dip crisis would be quite severe.

“Neither European nor world or Russian macroeconomic indicators give ground for thinking that it will be possible to avoid the crisis,” he said answering ARKA News Agency’s question. “However, it will be possible to cushion it.”

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Categories: General news, Insurance market, News | Comments Off on ROSGOSSTRAKH vice-president: double-dip recession inevitable

Tags: Armenia, DOUBLE-DIP RECESSION, ROSGOSSTRAKH

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