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 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 08:09 2018 Monday ,10 December
Lebanon’s property market ‘on the brink of collapse’
GMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomat
GMT 12:06 2018 Thursday ,13 December
Blue light in smartphones linked to blindness and some cancers
GMT 14:00 2018 Tuesday ,11 December
Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
GMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospects
GMT 08:17 2018 Wednesday ,21 November
Paris, Tokyo seek to reassure after shock of carmaker Ghosn arrest
GMT 04:43 2017 Thursday ,13 July
German gamblers may have revealed secrets of ‘Game of Thrones’ season 7
GMT 20:13 2018 Wednesday ,17 October
Little possibility of Moscow, Constantinople mending ties
GMT 00:07 2017 Tuesday ,26 December
Study on thermal insulation presented
GMT 13:04 2017 Tuesday ,02 May
Plan revealed to reset existing European records
GMT 11:55 2018 Friday ,14 December
Study shows most drivers not keen on switching to electric cars
GMT 17:42 2018 Wednesday ,31 October
Launch of cargo spacecraft Progress MS-10 to ISS set for 16 November
GMT 17:17 2012 Saturday ,10 March
No agreement on red lines between Obama and Netanyahu
GMT 03:05 2017 Wednesday ,16 August
David Cameron Holds Meeting with Najib Mikati
GMT 23:41 2017 Tuesday ,17 October
Turkey, Russia foreign ministers meet for first talks
GMT 15:57 2017 Tuesday ,15 August
China warns of retaliation as Trump launches trade probe
GMT 22:07 2017 Friday ,24 November
Pakistan-Turkey defence collaboration to be further enhanced
GMT 01:18 2017 Monday ,11 September
November23rd-December21st
GMT 11:33 2017 Tuesday ,21 November
Europe will not pause' during German crisis
GMT 08:09 2016 Friday ,20 May
Global growth tops agenda as G7 meeting kicks off in Japan
GMT 15:16 2016 Wednesday ,10 February
Deutsche Bank shares soar
GMT 16:22 2018 Sunday ,21 January
New York City FC take on Abu Dhabi with Etihad Airways
GMT 15:57 2018 Sunday ,21 January
Sharjah HRD announces launch of 5th Human Resources Conference
GMT 23:34 2018 Tuesday ,16 January
Bahraini-Kuwaiti relations commended
GMT 17:52 2016 Wednesday ,09 March
Kuwait supports Egypt nominee for Arab League top post
GMT 17:32 2016 Tuesday ,23 February
United Nations Security Council concerned about use of chemical weapons in Syria
GMT 14:48 2018 Saturday ,06 January
Gulf Air cancels all flights due to fog in Bahrain
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor