Ministry reports US spy agencies' latest attempt to recruit Russian worker was on Jan 14Russian Politics & Diplomacy January 18, 21:57
Austria’s president-elect says he is ready to maintain good relations with RussiaWorld January 18, 21:50
Putin briefs Merkel, Hollande on steps to implement Syrian ceasefireRussian Politics & Diplomacy January 18, 20:39
Putin, Merkel, Hollande agree to give fresh impetus to Normandy Four activitiesRussian Politics & Diplomacy January 18, 20:26
Russian Eurobonds may be floated in spring 2017 — finance ministerBusiness & Economy January 18, 19:48
Russia, Turkey report 14 ceasefire breaches in Syria per dayWorld January 18, 19:17
Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
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.