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Growth of global economy not to exceed 3% in 2016 — Russian Economic Development Ministry

January 23, 2016, 17:32 UTC+3 DAVOS
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DAVOS, January 23. /TASS/. The global economy growth rate in 2016 will not exceed 3%, Russian Economic Development Minister Alexey Ulyukayev said on the sidelines of the World Economic Forum in Davos.

"I do not think that global economic growth in 2016 will be above 3%," he said.

Earlier, the International Monetary Fund (IMF) Managing Director Christine Lagarde said at the final session of the World Economic Forum in Davos that the global economy will grow by 3.4% in 2016, growth rates will be uneven, and Russia and Brazil will remain in negative territory.

"We believe that global economic growth rates will remain moderate, uneven, and we see four threats to growth. Nevertheless, growth rates increase. We forget that they are growing from 3.1% in 2015 to 3.4% in 2016 and 3.6% in 2017. This increases the volume of our economy," Lagarde said.

In her speech, Lagarde named four main risks for the global economy: the state of the Chinese economy, commodity prices, unsynchronized monetary policies of central banks and the situation on emerging markets.

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