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Davos anticipates economic growth of the world economy in 2014
Baku/22.01.14/Turan : In Davos, Switzerland, January 21 evening, opened the 44th World Economic Forum, which will take place under the sign of the economically promising 2014.
On the eve, the International Monetary Fund raised its forecast for global economic growth in 2014 by one percent - to 3.7% .
The Forum's founder Klaus Schwab expects that during the panel discussions will be able to develop new impulses to overcome the financial crisis, as global economic growth is still too weak. "We need a fresh start," said Schwab last week.
Although the forum was launched to the accompaniment of an orchestra under the baton of Valery Gergiev, and the presentation of the Winter Olympics in Sochi, traditional Davos participants, Russian president and prime minister did not attend the forum. Russia lowered its participation level to the rank of vice-premiers Arkady Dvorkovich (Head of Delegation), and Dmitry Kozak.
In general, the forum will be attended by 2.5 thousand guests , including more than 40 heads of state and government. Here you will see the British Prime Minister David Cameron , his Japanese and Italian colleagues Abe and Enrico Letta , U.S. Secretary of State John Kerry and the President of Iran Hassan Rouhani, etc.
Azerbaijani President Ilham Aliyev yesterday joined the guests to spend four days in the talks , panel discussions, parties and alpine skiing .
Who are the ministers accompanying President, official sources did not report. At the last Davos there was the executive director of the State Oil Fund SOFAZ Shahmar Movsumov, SOCAR President Rovnag Abdullayev, who signed two memorandums with the International Finance Corporation (IFC) and the Swiss company Migros.
Until 2012, Aliyev boasted unprecedented economic growth of Azerbaijan, which was based on the growth of oil production. In 2012 at the World Economic Forum in Davos, Azerbaijan for economic competitiveness in 2011 took the 46th place , and among the CIS countries - the 1st place . Its common currency reserves reached a level of $ 46 billion ( 70% of the GDP) .
In the past year and this year Azerbaijan had nothing to flaunt - the rate of economic growth over the period of the oil boom in 2007 to 2012 decreased by 6-7 times along with falling oil production. -0 -
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