World Bank CEO Kristalina Georgieva
Russia must ensure price stability to spur growth
World Bank CEO Kristalina Georgieva
St. Petersburg - Arab Today
Russia must keep inflation low and stable if it is to have a chance of spurring economic growth via increased consumer spending, the World Bank’s chief executive officer (CEO) said.
Inflation stood at around 17 percent in early 2015 but Russia has since reined in consumer prices, bringing annual inflation down to a post-Soviet low of around 4 percent.
Kristalina Georgieva, the World Bank’s CEO, said keeping inflation low was important to give Russia’s middle class the confidence and ability to spend more.
The World Bank sees Russia’s gross domestic product (GDP) growing by 1.3 percent in 2017 and 1.4 percent in 2018 and expects annual inflation to stabilize close to the central bank’s target of 4 percent.
Georgieva said Russia also needed to ensure overall macroeconomic stability, pay attention to major social issues and boost competitiveness if it wanted to boost the economy.
Georgieva, who served as the World Bank’s director for Russia in the mid-2000s, was speaking to Reuters on the sidelines of an economic forum in St. Petersburg.
Source Arab News
- Friday ,30 November GMT 20:32 2018 Turkey hails China's 1st import expo, gets ready for next session
- Friday ,26 October GMT 12:14 2018 Xi welcomes Abe as China-Japan ties thaw over economic cooperation
- Friday ,19 October GMT 16:28 2018 Presidents give start to construction project of first NPP in Uzbekistan
- Saturday ,13 October GMT 16:09 2018 Sisi's visit to Russia to promote cooperation in transport field
- Saturday ,06 October GMT 06:07 2018 S. Korea, Britain agree on cooperation for post-Brexit trade deal
- Thursday ,20 September GMT 04:17 2018 Gulftainer signs US$600 million concession to operate Wilmington Port
GMT 20:32 2018 Friday ,30 November
Turkey hails China's 1st import expo, gets ready for next sessionGMT 12:14 2018 Friday ,26 October
Xi welcomes Abe as China-Japan ties thaw over economic cooperationGMT 15:49 2018 Tuesday ,23 October
Cooperation with Rosatom to provide new workplaces for SerbiaGMT 16:28 2018 Friday ,19 October
Presidents give start to construction project of first NPP in UzbekistanGMT 14:54 2018 Wednesday ,17 October
Presidents Putin, al-Sisi sign strategic cooperation treatyGMT 16:09 2018 Saturday ,13 October
Sisi's visit to Russia to promote cooperation in transport fieldGMT 06:07 2018 Saturday ,06 October
S. Korea, Britain agree on cooperation for post-Brexit trade dealGMT 04:17 2018 Thursday ,20 September
Gulftainer signs US$600 million concession to operate Wilmington Port
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
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
GMT 00:24 2017 Wednesday ,11 October
Bangladesh Commandos End Hostage Siege, Kill Six Gunmen
GMT 09:40 2017 Saturday ,15 April
President Al-Bashir Lauds Commitment of Saudi Arabia to its Duties in Supporting Arab
GMT 12:52 2017 Thursday ,30 March
Arab summit concludes with a ‘message of peace’, call for solidarity
GMT 03:16 2017 Thursday ,19 October
Saudi-led force admits strike in Yemen's capital hit civilians
GMT 18:38 2017 Thursday ,26 October
Foreign minister bids farewell to US ambassador
GMT 02:51 2017 Saturday ,04 February
Have Philippines police committed crimes against humanity?
GMT 13:15 2017 Wednesday ,06 December
Catalonia's Puigdemont says to stay in Belgium 'for now'
GMT 12:53 2016 Wednesday ,21 September
The tears and laughter of Yasmina Reza's lost Babylon
GMT 21:17 2016 Sunday ,23 October
Sisi-sponsored national youth Conference to open in Sharm Tuesday
GMT 02:17 2016 Thursday ,24 November
Chief of Staff receives US Army Central Commanding General
GMT 17:36 2017 Friday ,27 January
Safarova, Mattek-Sands dance to Australian Open doubles title
GMT 00:15 2017 Wednesday ,15 March
Transparency is the basis of UAE, Saif says
GMT 04:46 2017 Saturday ,29 April
‘ASEAN likely to become world’s 4th-largest economy’
GMT 21:49 2017 Wednesday ,25 October
Tehran will become Pyongyang if not contained
GMT 17:37 2017 Friday ,13 October
Lebanese army receives two military aircraft from US
GMT 18:23 2017 Monday ,09 October
Egyptian national football team arrives at El Ittihadiyah palace
GMT 02:20 2017 Tuesday ,20 June
Claiming victory, Turkey`s Erdogan says may take death penalty to referendum
GMT 19:59 2017 Wednesday ,02 August
Online 'suicide' searches spiked after Netflix's '13 Reasons Why'
GMT 14:44 2017 Tuesday ,10 January
Chinese president sends condolences to Portugal over death of former president Soares
GMT 14:42 2017 Monday ,16 October
Neutron star smash-up seen for first time, 'transforms' understanding of universe
GMT 09:19 2017 Tuesday ,14 November
Fifth woman accuses US Republican candidate
GMT 18:48 2018 Monday ,15 October
Crown Prince Bahrain's solidarity with KSA during a call with Prince Crown
GMT 04:12 2017 Friday ,07 April
Dubai Land Department announces date for closing ceremony of Gulf Real Estate Awards
GMT 18:10 2017 Monday ,20 February
Egyptian chief of staff meets UN envoy to Libya
GMT 20:45 2017 Sunday ,19 February
GCC chief hails Saudi security forces for dismantling suicide cells
GMT 22:30 2018 Monday ,15 January
Bahrain-Pakistan ties praised
GMT 12:53 2018 Wednesday ,10 January
Chamoun says Hariri's resignation "uncomfortable"
GMT 16:23 2017 Wednesday ,20 December
Myanmar says probe of two Reuters journalists almost finished, court case to follow
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor