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Armenian Cenbank Changes 2020 Recession Projection From 7,2% to 7,8%

The Central Bank of Armenia says the 2020 economic decline in the country will stand at 7,8%.

"The Central Bank’s projection for economic decline for 2020 was previously 7,2%. Now, the Central Bank expects a 7,8% economic decline," Central Bank President Martin Galstyan told a news conference.

He said they would present the 2021 projections later.

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