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Russia's economic development minister looks at situation in the euro zone with no optimism

February 17, 2012, 11:50 UTC+3
Russian forecasts regarding the Russian economy were based on assumption that the European Union’s economy will show a zero, maybe even negative, growth
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NOVOSIBIRSK, February 17 (Itar-Tass) — Russia’s Minister of Economic Development Elvira Nabiullina looks at the situation in the euro zone with little optimism, although with hope.

“Our forecasts regarding the Russian economy were based on assumption that the European Union’s economy will show a zero, maybe even negative, growth. We look at the situation with hope rather than optimism,” she said on Friday.

According to Nabiullina, her ministry has always been somewhat moderate in its forecasts of the economic situation in Europe.

 

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