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In the forecast for 2019, the world Bank downgraded global growth and economy of Russia. Review published on the organization's website.
compared with the forecast released in June, the pace of global GDP growth revised strontium reduction from 3% to 2.9% in 2019, and in the next two years the growth will decrease to 2.8% per year.
"At the beginning of 2018, the global economy was working at full speed, but within a year she slowed down and next year the situation could become even more complex," said chief Executive officer of the world Bank Kristalina Georgieva.
In its view, "the increasing economic and financial difficulties in developing countries current achievements in reducing poverty in the world can be called into question".
Then in June the world Bank predicted that in 2019, Russia's economy will grow by 1.8%. In January, the projected growth is reduced by 0.3 percentage points to 1.5%, while in 2020 and 2021, the Russian economy, experts of the WB, will show an annual increase of 1.8%.
the growth Rate of China's economy will slow down according to forecasts of the Bank to 6.2%, while the economy of the rest of the region will increase in 2019 5.2%. In South Asia economic simple will exceed 7%. Economic growth in Indonesia stabiliziruemost at 5.2%, the Thai economy will grow by 3.8%. In Poland, GDP will grow by 4%, predicted by experts of the WB.
Iran's Economy is forecast to 2019 expected to shrink by 3.6% due to sanctions, India's GDP is expected to grow by 7%, and in Pakistan, 3.7%.
At the end of December the head of the Ministry Maxim Oreshkin said that the growth of Russia's GDP for the year will amount to 1.3%. "The most difficult period for economic dynamics is the beginning of 2019", — said Oreshkin.
According to the Minister, such a situation has led a combination of several factors, including volatility in commodity markets, slowing global economy and declining demand for Russian exports. In addition, will have on the Russian economy in the beginning of the year effect and the increase in VAT (value added tax) and the slowdown in corporate lending. The second half will be more positive, assured..
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