Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
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.