Russia launches serial production of seaborne air defense missile systemMilitary & Defense June 23, 16:25
Kamaz to invest 50 mln euro in construction of assembly plant in AfricaBusiness & Economy June 23, 16:16
Key facts about Turkish Stream projectBusiness & Economy June 23, 16:05
Lavrov slams NATO for its geopolitical ambitionsRussian Politics & Diplomacy June 23, 15:58
Russia, Belarus plan to create common visa space — LavrovRussian Politics & Diplomacy June 23, 15:37
Lavrov says no plans to occupy Belarus on pretext of conducting military drillsRussian Politics & Diplomacy June 23, 15:11
St. Petersburg may apply for hosting Champions League finalSport June 23, 14:53
Pyongyang denies torturing US student who died after release from North KoreaWorld June 23, 14:45
Putin gives start to Turkish Stream pipeline segments jointingBusiness & Economy June 23, 14:33
HANGZHOU /China/ September 4. /TASS/. The volatility of the currency and commodity markets, as well as high debt in developed countries are constraints for the growth of the world economy, Russian President Vladimir Putin said at an informal meeting of the leaders of BRICS (Brazil, Russia, India, China, South Africa) on the sidelines of G20 summit.
He said that "unfortunately, the consequences of the financial crisis of 2008-2009 are still to be overcome and the global growth is still uneven and is very fragile."
"According to forecasts, growth rates will reach the pre-crisis not earlier than 2019. Among the deterrents are volatility on currency and commodity markets, lack of coordination of monetary policies, high debts in developed economies," Putin said.
In this regard, Putin continued, Moscow supports the priorities of the Chinese presidency in G20 "to stimulate the global economy, mainly by means of introduction of modern technologies.
The Russian leader also welcomed China's intensive work on preparation of the G20 summit and the package of its final documents.