The European Commission has lowered the Forecast on growth of GDP this year to 1% to 2, 3%, the Forecast for the next year was worsened to 2% to 2, 7%, to the materials of the global economic forecast of the European Commission.

" The real growth of Russia's GDP slowed, reflecting both internal and external structural problems, such as the dependence on commodity exports, low level of investment and lack of competitiveness. In addition, the growing geopolitical tensions in connection with the situation in Ukraine has a negative impact on the Forecast ", - is informed in materials of the EC.

According to the forecast, inflation in Russia in 2014 will amount to 5, 9%, and in 2015 will slow to 5%. The unemployment rate this year will grow to 6, 1%, in the coming - to 6, 4%.

" The risks to the forecast are associated with the possibility of a further escalation of geopolitical tensions around Ukraine and punishments. Additional punishment have the opportunity to have serious consequences for the Russian Federation and to lead to further deterioration of the forecast ", - is said in the report of the EC.

Vice-President of the European Commission Siim Kallas at a press conference confirmed that the Forecast for Russia in the future have the opportunity to be degraded." The forecast for Russia is exposed to downside risk in connection with the geopolitical situation concerning Ukraine, " said Callas.

sections: Politics