In January, the regular World Economic Forum annual meeting took place in Davos (Switzerland), where business leaders and politicians gather to size up the challenges facing the global economy, and which has brought unexpected advantageous for Ukraine.
Global background
Speaking in the world context, leading world experts agree that the global economic system has passed a turning point in its recovery. Representatives of EBRD told the conference that the risks for emerging economies of Europe continue falling against the major economies’ recovery thanks to decisions taken by the European Union in the latest months. Thus, it enables to count on moderate growth of national and regional economies in 2013.
According to EBRD forecasts, GDP of countries of Central Europe and Baltic states will grow by 1.2% on average, of South-Eastern Europe – by 1.5%. Finally, economies of countries of Eastern Europe and Caucasus are bale to grow by 2.1%. According to European Bank for Reconstruction and Development (EBRD) chief economist Erik Berglof, Growth in Central and Eastern Europe hinges on developments in the euro zone and a slowdown in the CEE region is already underway. The countries in the region export heavily to the euro zone and investment, trade and remittances – money sent by workers abroad – depend on the single currency area’s health, Berglof said in an interview at the World Economic Forum in Davos. One of the leading Chinese economists Li Daokiu believes that having extended its economy by 8-8.5%, China will become a driver of the world GDP growth in 2013.
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