Nevertheless, the government was able to make wide-ranging economic reforms that paid off in dramatically lower inflation and steady growth. The 1994 cease-fire in the Nagorno-Karabakh conflict has also helped the economy. Armenia has had strong economic growth since 1995, building on the turnaround that began the previous year, and inflation has been negligible for the past several years. New sectors, such as precious-stone processing and jewellery making, information and communication technology, and even tourism are beginning to supplement more traditional sectors of the economy, such as agriculture. COUNT 4
QSN1 What did Armenia declare a cease-fire to in 1994? ANS1 Nagorno-Karabakh conflict QSN2 Since when has Armenia experienced a positive growth in their economy? ANS2 1995 QSN3 What helped Armenia decrease inflation and create study growth in the economy? ANS3 economic reforms QSN4 What is one of the newer sectors Armenia has in addition to agriculture? ANS4 precious-stone processing