Geopolitical crisis in Ukraine slows down economic Growth, many emerging Europe and Central Asia, said Authorized the world Bank on Wednesday at the annual meeting of member-countries of the world Bank Group and the IMF.
according to the forecasts of the world Bank, the GDP of this region in 2014 will be 1, 8%, in 2015 - 2, 1%,
Economic growth could be faster, but unresolved internal problems of these States is complicated geopolitical crisis in Ukraine.
most countries still have not decided their long-term problems, not out of the fall, says WB. Countries need to work on the development of the financial sector and improve the business climate.
However, according to the world Bank, in a number of areas still showed signs of recovery. For example, in the countries of Central and Eastern Europe GDP Growth in the region in 2014 is expected at level 2, 5%in 2015 - 2, 8%.
Economy of Russia and Ukraine remain one of the most " problematic " in the European Union, emphasized in the WB.
The recent decrease in economic forecasts increase in Russia was due to internal problems (incomplete structural reforms, dependence on oil cash receipt, the deterioration of the business climate), and with increased incidence in Ukraine and punishments.
According to the September forecast WB, RF GDP Growth in 2014 will be 0, 5%, in 2015 - 0, 3%, in 2016 - 0, 4%.
As said on Wednesday, Vice-President of the world Bank for Europe and Central Asia, Laura So, for the Russian Federation there are also optimistic and pessimistic forecasts. Favorable scenario provided further punishment and escalation fall in Ukraine envisages GDP Growth in 2015 and 2016 at level 0, 9% and 1 3% respectively. Negative option development increases the likelihood of bringing to a decrease in the rate of increase homemakers to minus 0, 9% and minus 0, 4%, respectively.
Ukraine's GDP in 2014 will be minus 8%, in 2015 - minus 1%. According to the WB analysis, the ongoing confrontation in the East of the country, reduce lending because of the high risks in the banking sector, the decline in domestic consumption and investment demand - all this is dangerous and affects the prospects of recovery of the Ukrainian Economy.
sections: Politics |