There is less than 50 percent possibility to see a second round of the global financial crisis, Russian Economic Development Minister Andrei Belousov said on 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.

In the long run, he said, the greatest risk for global economy is the sharp differences of economies in the level of development. How to reach a balance between different development levels and offer equal opportunities to all economies are issues facing the Asia-Pacific Economic Cooperation (APEC), he added.

Belousov also warned about the resurgence of trade protectionism, as many members of the World Trade Organization have adopted measures under the excuse of protecting domestic industries.

At the first day of this year's APEC Ministerial Meeting, ministers exchanged views over trade protectionism, especially the curbs on grain exports, and agreed to reject such protectionism, the minister said.

As a representative from the host of the 2012 APEC gathering, Belousov also briefed reporters about other issues discussed at the meeting, including food security and environmental goods and services.

The two-day ministerial meeting will make final preparations for the informal APEC leaders' meeting at the weekend.