Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

No Economic Growth for Russia in 2015, UN Says
20.01.2015 17:50
No Economic Growth for Russia in 2015, UN Says
http://top.rbc.ru/economics/11/12/2014/548939902ae5965fe175a999

Russia is going to face a zero economic growth in 2015, to say the same about the whole Commonwealth of Independent States (CIS), UN Department of Economic and Social Affairs reports.

      "In the CIS, prospects are weak with near-zero growth expected in the Russian Federation," the UN said in a World Economic Situation and Prospects 2015 release. It is also said in the release that in 2014 Latin American economies and the CIS countries experienced a sharp deceleration, while East Asian states faced only a mild slowdown and will remain the fastest-growing region globally.

      Africa's overall growth is expected to hold the line in the future, with the GDP growth of African countries reaching 4.6 in 2015 and 4.9 in 2016, compared to the earlier projected growth of 4.7 percent in 2014.

      "Many developing countries and economies in transition appear vulnerable to a tightening of global financial conditions, as well as a further aggravation of geopolitical tensions and an escalation of the Ebola epidemic," the release said.

      The Russian economy has been recently experiencing hard times due to the declining oil prices that have dropped some 40 percent from June 2014 and international sanctions for the country's biggest companies. The Russian national currency, the rouble, has recently hit historic lows amid the economic unrest.




Author: Julia Alieva

Tags: Russian economy Russian money CIS crisis  

Next Previous


You might also find interesting:

Oil Producers Expect to Raise the Amount of Compensation for the Regulation of Domestic Petrol Prices
02.10.2018
Running Small Businesses in Moscow and St. Petersburg is Becoming Less Profitable
23.04.2019
The Moscow Mayors Office Decided to Slow Down the Growth of the Property Tax Rate
25.12.2018
Online Trade in Russia is Growing
02.09.2018
Video Conferencing will be Used at the Proceedings on Administrative Cases in Russia
03.08.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Natalya Osipova  Arkhangelsk  Russian history  national security  Dagestan  Russian Cinema  Exhibitions in Astrakhan  Moscow airports  book hotels in Russia  criminality  Snowmobile Safari   Eurovision  Central House of Artist  film awards  Russia Orthodox Church  Russian Railways  synchronized swimming  Nikolay Pozdeyev  Svetlogorsk   Fashion Futurum  the Tver region   City Hunter  Bely Yar  St. Petersburg  Bitcoin  Russian business  Festivals in Moscow  Kliment Timiryazev  Auktyon  Cemeteries  Russian theatres  Mercedes-Benz Fashion Week Russia  Books  Treasures of East   Exhibitions in Moscow  Perm Territory  Russian tourism  sanctions  Craters  Russian Literature  Pavel Nikonov  Concerts in Kazan  Russian universities  Travel  Moscow  Satellites  Agnolo Bronzino  Russian airlines  Russian society  Siberia 


Travel Blogs
Top Traveling Sites