World Bank lowers forecast for Russia’s GDP
Moscow - Arabstoday
The World Bank has downgraded its forecast for Russia’s GDP growth to 3.3% from 3.6% in 2013in its latest report “Russian Economic Report: Recovery and Beyond.” The GDP forecast was revised for five reasons. Firstly, the expected price of oil has been lowered to $102 from $105.8 a barrel this year. Secondly, the foreign economic environment is not as favorable as expected. Thirdly, economic activity in Russia has declined. Fourthly, inflation is rising more quickly than originally envisaged. And lastly, the World Bank says investment growth is weak. Russia’s gross domestic product growth for 2014 is expected to stand at 3.6%, the organization forecasts. RT
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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