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SINGAPORE, September 26 (Itar-Tass) — World economy “is going through hard times”, Russian Sberbank CEO German Gref said.
Opening a plenary session of the Russian-Singapore Business Forum on Monday, Gref said the global economic growth forecast “is extremely pessimistic”.
Much will depend on the situation in China, the Sberbank CEO said. At the same time, he noted that if oil prices were within 80-90 U.S. dollars per barrel, the economic growth in Russia would reach 4-5 percent.
The business forum involved Russian and Singaporean officials, and businessmen of both countries, including from CIS and Asian countries. This year the meeting is also attended by chairman of the board of directors and CEO of the Troika Dialog Group Ruben Vardanian, Tatarstan President Rustam Minnikhanov and Singaporean founding father Lee Kuan Yew.
Minnikhanov is expected to give a speech at the forum.