UN experts expect near-zero GDP growth in Russia next year
11.12.2014,
11:37
The Russian economy will stagnate and CIS countries will record sharp reduction in growth rates during 2015 due to geopolitical tensions in the region, according to the United Nations World Economic Situation Prospects, as cited by the Prime.
YEREVAN, December 11. /ARKA/. The Russian economy will stagnate and CIS countries will record sharp reduction in growth rates during 2015 due to geopolitical tensions in the region, according to the United Nations World Economic Situation Prospects, as cited by the Prime.
The document is prepared by the UN Department for Economic and Social Affairs.
In the CIS, prospects are weak with near zero growth expected in the Russian Federation, the document says.
Russia’s GDP growth is expected at 0.5% by the end of this year and at 0.2% only in 2015, according to the report.
Slump in Russia lowered prospects in other countries of the region. Economy changed from weak growth rates to sharp reduction in Ukraine. Smaller CIS countries have suffered from drop in remittances, the UN experts say.
The full report will be available in January. –0--
The document is prepared by the UN Department for Economic and Social Affairs.
In the CIS, prospects are weak with near zero growth expected in the Russian Federation, the document says.
Russia’s GDP growth is expected at 0.5% by the end of this year and at 0.2% only in 2015, according to the report.
Slump in Russia lowered prospects in other countries of the region. Economy changed from weak growth rates to sharp reduction in Ukraine. Smaller CIS countries have suffered from drop in remittances, the UN experts say.
The full report will be available in January. –0--
