Moody’s other economic growth in the CIS countries

The growth of the economy of the CIS countries in current year should be higher compared to the year 2016. To such conclusion analysts of the international rating Agency Moody’s, reports LigaBusinessInform.

The average growth for the region will amount to 2% this year and 3% next, analysts predict. For comparison, last year’s increase was 1%.

The rate of growth of CIS economies will remain low, which is a key deterrent to their sovereign ratings, according to Moody’s.

“The macroeconomic forecast (for CIS countries – Ed.) remains weak and the downside risks to creditworthiness are still pervasive,” says senior Vice President of Moody’s Kristin Lindow.

In addition, according to experts, a rise in oil prices may help oil-exporting countries of the CIS to mitigate the fiscal and monetary policy. In the countries-importers of oil will be increase in the inflow of remittances, experts say.

Recall, Ukraine is a state party but not a member of the CIS. In November of last year the Verkhovna Rada was submitted a draft law on complete withdrawal of Ukraine from the Union.