Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

IMF warns Russia over credit bubble

United States America,Business/Economy, Fri, 20 Apr 2012 IANS

Washington, April 20 (IANS/RIA Novosti) The International Monetary Fund (IMF) has warned Russia it faces the risks of a "credit bubble swelling up" due to the rapid growth in consumer credit in the past decade, Russia's Deputy Finance Minister Sergei Storchak said Friday.

 

"According to the IMF's report, ... it is necessary to prevent the swelling of the credit bubble in emerging markets, especially in the Russian Federation. The IMF rates the risks of Russian economy and the emerging economies overheating is very high," Storchak said.

 

According to IMF statistics, Russia's gross domestic product has doubled in the past 10 years, while the consolidated volume of loans grew three times in the same period.

 

"The IMF ranked this risk (the third most important) after debt problems in Europe and banking sector risks," he added.

 

--IANS/RIA Novosti

 

rd/vt

 


LATEST IMAGES
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.