In the first year of Tigran Sargsyan’s office (2008) Armenia’s GDP was 6.8%, which was lower by several points than the planned level. In 2009 as the economy was hit by the financial crisis the slump was 14.1%, followed by slow recovery. In 2010 there was 2.2% growth, in 2011 – 4.7%, and in 2012 – 7.2%. In 2013 the planned growth was 7% (as instructed by the president) but the real growth reached 3.5% only.
