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:








Comment on our site


RSS   twitter      submit


Ïàðòåð


TAGS:
Russian Cinema  Perm  Russian economy  Roman Abramovich  Moscow monuments  Lipetsk Region  Rostov Bazaar  Russian tourism  Tatyana Parfionova  hostels  Arkhangelsk region  Ore  Samara  Ballets in Moscow  Exhibitions in Moscow  Spring-Summer 2014  Mercedes-Benz Fashion Week Russia  Books  Justin Bieber  Russian hotels  AvtoVAZ   Russian scientists  nanotechnology  Russian political parties  3D Scanning  Progress  Igor Grabar  Vandalism  Concerts in Moscow  Russian football  Painting  Alexander Maslyakov  Anatoly Efros  Crimean referendum  Alexander Vampilov  Moscow  Great Patriotic War  Packing Design  St. Petersburg  Russian Art Collectors  Russian ballet  Russian cuisine  Russian business  Spring Ball  environment  human behaviour  Russian science  Red Square  Energy Saving  Russian fashion designer 


Travel Blogs
Top Traveling Sites