Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
Russian pair Tarasova/Morozov win final of ISU Grand Prix of Figure Skating in MarseillesSport December 10, 4:00
Matviyenko to visit UAE to participate in Forum of Women Speakers of ParliamentRussian Politics & Diplomacy December 10, 3:21
Doping samples of all athletes from past three Olympics should be re-analyzed ― lawmakerSport December 10, 2:01
Russia’s figure skater Medvedeva leads with world record after SP at Grand Prix finalsSport December 10, 1:28
Russian energy minister expects OPEC, non member countries to sign agreement on oil outputBusiness & Economy December 10, 0:46
BELOKURIKHA (Altai Territory), March 2 (Itar-Tass) — The global economy is not enveloped in a new wave of the crisis, Russian Deputy Economic Development Minister Andrei Klepach said on Friday.
“2012 is the year of stagnation for the eurozone,” he told the international winter grain conference in the Altai Territory’s resort of Belokurikha.
He forecast that the eurozone’s GDP growth will stay at minus 0.3 percent.
“The problem is not only in the debt crisis, but also in serious weakness of domestic growth factors in the eurozone,” Klepach said.
The European economy will face “a long-running road to get out of the crisis.”
However, the deputy minister forecasts certain growth already in 2013.
“The U.S. economy shows good figures now”, but its growth rates will slow down,” Klepach said. “At present, the GDP growth is 2 percent, and by the end of 2012 it is expected to reduce to 1 percent,” he said. “We are in a high turbulence zone.”
The Altai Territory’s resort of Belokurikha hosts the international winter grain conference unofficially dubbed as “Grain Davos” for the fifth time. It earned good reputation in business circles for making accurate forecasts concerning the market fluctuations and grain prices.
The conference’s organizers told Itar-Tass that it brought together 100 companies from 17 Russian regions, Kazakhstan and Germany.