Russian diplomat concerned over worsening situation in MosulRussian Politics & Diplomacy October 27, 15:57
Russia has nothing to do with Syria's Idlib school attack — diplomatRussian Politics & Diplomacy October 27, 14:58
Prowling Amur tiger nabbed near Russian Far Eastern city of VladivostokSociety & Culture October 27, 13:55
Russian scientists create "smart foil" for mounting industrial transducersScience & Space October 27, 13:54
Caspian Flotilla ships return from long-distance voyageMilitary & Defense October 27, 13:33
Russian senator urges probe into children death in Syria’s IdlibRussian Politics & Diplomacy October 27, 13:32
Putin awards Emir Kusturica with Order of FriendshipSociety & Culture October 27, 13:20
Moscow court upholds arrest of Ukrainian accused of spyingWorld October 27, 13:18
UN-OPCW report on Syrian chemical attacks 'gives no ground for sanctions'Russian Politics & Diplomacy October 27, 13:00
LONDON, September 9 (Itar-Tass) —— HSBC Bank of Britain, the biggest bank of the European Union, has revised its forecast of the growth rate of the Gross Domestic Product (GDP) in the euro zone for the current year and brought it down to 1.6 percent. Its analytical report was circulated in the City of London.
The previous forecast of the economic growth rate in the euro zone, made by HSBC, set it at 2 percent. Now it has been reduced. HSBC specialists warn that the economies of Spain and Italy are on the way to recession.
The forecast of the growth rate of the U.S. GDP in the current year was also brought down to 1.6 percent by HSBC. The previous figure was 2.5 percent. The analysts revised as well their forecast of the U.S. economic growth rate in 2012 and brought it down to 1.7 percent as against the previous figure of 2.9 percent.