IMF discloses main risk factors for emerging countries

Baku. 13 November. REPORT.AZ/ The key risk factors for the economic development of emerging countries in 2018 will be price volatility on the global oil market, global protectionism and geopolitical tension.

Report informs referring to RIA Novosti, Jörg Decressin, Deputy Director of IMF's European Department said.

Jörg Decressin who issued autumn economic forecast for Europe said “the current risk premium in the financial markets of emerging European countries is very low. For this reason, volatility may increase on these markets. As a result, the capital flow from those countries may strengthen which will negatively impact on economic growth.”

IMF representative who disclosed his forecast on Eurozone economy added that the economic growth in the region for 2017 will be 2.4%, in 2018 – 2.1%, in 2019 – 1.9%. IMF’s previous forecasts on annual economic growth for 2017-2019 amounted to 1.9%.