The world Bank forecasts less politicized than that of the IMF, said the first Deputy head of the Duma Committee on ekonompolitike Mikhail Emelyanov. On Wednesday the world Bank lowered its forecast for global growth to 2.9% from 3.3%.
MOSCOW, 7 Jan. The world Bank forecasts in comparison with the IMF forecasts less politicized and they should listen, says the first Deputy head of the Duma Committee on ekonompolitike, innovative development and entrepreneurship Mikhail Emelyanov (WED).
The world Bank on Wednesday lowered its forecast for global growth in 2016 to 2.9% from 3.3% forecast in June. The Bank expects that the global economy will accelerate the pace of growth compared with 2.4% in 2015. Developing countries will “grow” by 4.8%, USA 2.7%, the Eurozone at 1.7%, China growth will slow to 6.7%, predicts finstitut.
“The world Bank forecasts always need to listen carefully. There are qualified people and, in fact, projections by the world Bank compared to the IMF less politicized. Whether they will come true or not… the Situation in the global markets very unstable, too many factors are mixed. This forecast can come true, and not true,” he said on Thursday.
According to him, the fall of the world’s GDP “not good” for Russia. “Still, we depend on export markets, especially commodity markets. When there is a downturn in global GDP, reduces the consumption of raw materials that our economy is not very good,” concluded the MP.
