The Russian official’s statement came at a meeting of finance ministers and central bank governors of the BRICS countries in Moscow today, and this comes before the BRICS summit in Kazan this month.
Nabiullina said: “With regard to the economic outlook, I would like to highlight that global economic activity continues to grow in the third quarter of 2024. However, the risks of a growth slowdown are already increasing, as the external environment for many of our economies remains challenging.”
She added that foreign policy risks have intensified recently, including the risks of global economic and financial fragmentation and protectionist policies.
She pointed out that a number of central banks in advanced economies are reducing interest rates at a rapid pace, which creates risks to global financial stability and employment.
In today’s meeting, the BRICS finance ministers and central bank governors summarized the work of the financial track of Russian representation in the group. They also discussed issues related to improving the international monetary and financial system, using modern financial technologies, and ensuring information security in the financial sector.
Based on the basic forecasts of the Russian Central Bank, global GDP growth at the end of this year will reach 3.1%, in 2025 it will be at 3.2%, in 2026 it will decrease to 3.1%, and in 2017 to 3%.
Source: RT
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