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BP Holdings on Russian Economic Growth Forecasts

BP Holdings on Russian Economic Growth Forecasts | BP Holdings | Scoop.it

http://en.ria.ru/russia/20130925/183716665/World-Bank-Cuts-Russian-Economic-Growth-Forecasts-Urges-Reform.html

 

World Bank Cuts Russian Economic Growth Forecasts, Urges Reform

 

MOSCOW, September 25 (RIA Novosti) – The World Bank cut its 2013 growth forecast for the Russian economy in a new report published Wednesday, asserting that domestic consumers had followed investors in “sitting on the fence” over the economy and warning that structural reforms would be necessary to stimulate new growth.

 

Russia’s economy will expand by 1.8 percent this year, the World Bank said, down from the 3.3 percent it predicted in February. The World Bank’s forecast puts it in line with other major international organizations, as well as the Russian government, that expect 2013 to see the lowest level of economic growth in Russia since the 2009 recession as investment in the economy falls, and demand for Russian exports contracts.

 

“The recent economic tendencies in Russia are quite alarming,” Mikhail Rutkovsky, head of the World Bank in Russia, told reporters Wednesday.

 

The Russian government officially predicts 1.8 percent growth this year, while the International Monetary Fund said in a new report published Tuesday that the country will achieve just 1.5 percent growth. The Russian economy expanded 4.3 percent in 2011, and 3.4 percent last year.

 

The slowdown is due to global headwinds, including a slight fall in the oil price and a loss of momentum for global trade, as well as weakening of domestic consumption and a tapering off in Russian investment activity as large infrastructure projects like the Sochi 2014 Winter Olympics and the North Stream gas pipeline approach completion, the World Bank said.

 

“While investors were already in a wait-and-see mode... consumers now appear to have joined them and the players in the Russian economy are sitting on the fence,” the report said.

 

The World Bank expects growth in Russia to begin to pick up slightly in the final quarter of this year, and predicts that in 2014 it will be 3.1 percent. The report, however, emphasized that without structural economic reform, growth is likely to be kept below a glass ceiling.

 

Despite the slowdown, the unemployment rate in Russia remains low, and the capacity utilization of the economy in the first six months of 2013 was almost 80 percent, the World Bank said.

 

“At the moment we see an economy where the binding constraints are more and more becoming structural issues,” said Birgit Hansl, the World Bank’s senior economist in Russia. “Basically 2 or 3 percent growth is as best as is possible at the moment.”

 

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BP Holdings: GOP können Gewinne Reverse

BP Holdings: GOP können Gewinne Reverse | BP Holdings | Scoop.it

http://www.nytimes.com/2013/09/17/us/politics/obama-to-release-report-on-response-to-financial-crisis.html

 

5 Years After Financial Collapse, Obama Says House G.O.P. Could Reverse Gains

 

WASHINGTON-Präsident Obama am Montag beschlagnahmt am fünften Jahrestag des finanziellen 2008 reduzieren um zu warnen, dass Haus-Republikaner würde die Errungenschaften umkehren und vorsätzlich verursachen "wirtschaftlichen Chaos" mit der kompromisslos steht, die sie abgesteckt haben auf drohenden Budget Fristen.

 

"Budget-Kämpfe und Debatten, die so alt wie die Republik", sagte Mr. Obama bevor eine freundliche Publikum in einem weißen Haus Anhang zusammengestellt. Aber er fügte hinzu: "Ich kann mich nicht erinnern eine Zeit, wenn eine Fraktion einer Partei wirtschaftlichem Chaos verspricht, wenn es nicht zu 100 Prozent was es will."

 

Ein Block von Haus-Republikaner sagten, es sei denn, Mr. Obama Signaturgesetz Krankenversicherung verzögert oder aufgehoben ist, sie nicht unterstützen werden Finanzierung von Regierung Operationen in das neue Geschäftsjahr ab Okt. 1 oder ein wesentlicher Anstieg des Landes Kreditaufnahme Grenze Mitte Oktober.

 

Untätigkeit auf öffentliche Finanzierungsmittel würde eine Regierung Abschaltung provozieren; schlimmer noch, würde die Regierung nicht in der Lage zu zahlen, Rechnungen und Gläubiger und letztlich bedrohen die Nation Standard verlassen versäumt das Schulden-Limit zu erhöhen.

 

"Das letzte Mal, das die gleiche Crew diese Vorgehensweise wieder im Jahr 2011 drohte, sogar die bloße Anregung default unser Wirtschaftswachstum verlangsamt", sagte Mr. Obama, unter Hinweis auf diesen Sommer-Markt-Rasseln-Showdown.

 

Lesen Sie mehr:
http://occupywallst.org/forum/bp-holdings-article-code85258080768-bp-environment/
http://www.goodreads.com/topic/show/1441209-bp-holdings-bp-code-34912725751-recruitment-fraud
https://foursquare.com/v/bp-holdings-barcelona--madrid-spain/50532a6bd86cf18ca71817d6

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