IMF increases forecasts on economic growth of CIS countries for 2010-2011
Azerbaijan, Baku, July 9 / Trend N. Ismayilova /
The International Monetary Fund (IMF) has raised forecasts for economic growth in CIS countries in 2010 by 0,3 percent up to 4,3 percent, the report "World Economic Outlook" said.
The report said that forecast growth of the CIS countries in 2011 was also 4.3 percent and increased by 0,7 percent. Growth projections for the Russian economy are 4.3 percent for 2010 and 4.1 percent - in 2011.
According to the IMF forecasts, global economic growth will be 4 percent in 2010, and in 2011 - 4.25 percent. Forecast for 2011 as a whole remains unchanged.
"Political measures in the countries with a forming market should also contribute to rebalancing of global demand, including structural reforms and, in some cases, greater exchange rate of flexibility," the report said.
The world economy in the first quarter of 2010 increased by 5 percent, mainly due to high growth in Asia.
In general, it is expected that production in developed economies will increase in 2010 by 2.5 percent .
But now growth is projected at 6.75 percent when comparing to the fourth quarter. These projections are consistent with all the more solid, in general, growth in emerging markets and developing countries, but between them there is considerable diversity. Major countries in Asia and Latin America continue to play the leading role.