Financial recovery of B&N Bank to last 6-8 months — Central BankBusiness & Economy September 21, 14:33
Russian senator says Morgan Freeman used instead of evidence in anti-Russian videoRussian Politics & Diplomacy September 21, 14:17
Moldova’s liberals initiate presidential impeachmentWorld September 21, 14:06
Fan-ID system helped against racism during FIFA Confederations Cup — officialSport September 21, 13:35
Russian warship sails through English ChannelMilitary & Defense September 21, 13:12
Kremlin slams attempts to brand Russia as aggressor while discussing UN mission to DonbassRussian Politics & Diplomacy September 21, 13:07
Press review: Peacekeepers in Ukraine stalled and Russia suspects US leak to IslamistsPress Review September 21, 13:00
Kremlin shares Defense Ministry's stance on US role in militants’ attack in SyriaRussian Politics & Diplomacy September 21, 12:36
Admiral Essen frigate returns to Sevastopol from Mediterranean SeaMilitary & Defense September 21, 12:03
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.