economy

Global recession from West to East

By Pr.Kamran Dadkhah, Senior Economist

There seems to be pessimism in the air regarding the economic prospects of the West and by extension the world. In its recent report, the Organization for Economic Co-operation and Development (OECD) revised downward its estimates of growth for many countries. It lowered the overall growth rate forecast of the Euro Zone for 2013 and 2014 each by 0.5 per cent. For the entire OECD, the forecast has been lowered by 0.6 per cent for 2013 and 0.2 per cent for 2014.

Integrational Pragmatism

By Nikolay Pakhomov

The worst, the better – this is what, probably, can be said when analyzing the hysteria which has been raised for the last several weeks in European, and especially, American newspapers regarding hardening of the Russian line towards the states willing to join the European Union. The more clearly Moscow imagines russophobic attitudes of a significant segment of Western elites, the more rational, cold and efficient shall be Russian foreign policy within post-Soviet space.