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World unlikely to suffer second round of crisis: Russian minister


08:59, September 06, 2012

VLADIVOSTOK, Russia, Sept. 5 (Xinhua) -- There is less than 50 percent possibility to see a second round of the global financial crisis, Russian Economic Development Minister Andrei Belousov said here Wednesday.

"I'm one of those who think that there is less than 50 percent chance of a second wave of crisis," Belousov told a briefing, adding that he has not seen any factors of the world economy indicating a new recession.

Comparing the current world economic situation with that in 2008, one could find that a large number of economic development centers, such as the United States and China, have not shown "special crisis-threatening manifestations," Belousov said.

Although the debt crisis across European countries has led to an appreciable economic slowdown in the euro zone, it is not an evidence to prove a full-scale recession, the minister said.

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