Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

The World Bank Reported On Russian Economy
October 30, 2017 17:04


The Russian economy has recovered after recession and is showing moderate growth rates this year. This was said by the World Bank’s report.

According to the forecast of the international organization, Russia’s GDP will increase by 1.7 percent in 2017 and by 1.8 percent in 2018. “The medium-term growth forecast for Russia has slightly increased after a faster recovery in demand at the domestic market, than it was expected, and higher exports” - the experts at the World Bank noted.

Oil prices and high demand at the domestic market created opportunities for the people from neighboring countries coming to work in Russia, as the document specifies. However, long-term economic growth needs structural reforms. Experts see the risks in low oil quotations and possible negative consequences of the expansion of sanctions.

On October 10 the International Monetary Fund (IMF) improved its forecast for Russia’s GDP growth from 1.4 to 1.8 percent in 2017. It is expected that the Russian economy will increase by 1.6 percent next year.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Latvia Is Invited To Take Part In the Consultations Of Defense Ministries Football Bulletin: Dynamo Moscow's Financial Troubles Bank of Russia: Inflation in Russia will be Close to Zero Russian Airlines Are Allowed To Hire Foreign Pilots Russia on the Kosovo status

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Football  Russian legislation  Russian Literature  Russian officials  Vladivostok  WWF  Russian business  Mercedes-Benz Fashion Week Russia  Russian tourism  elections in Russia  Nikolay Yeremenko Jr.  Svetlana Shkolina  Exhibitions in Moscow  FC Terek Grozny  Novgorod  corruption in Russia  Russian Cinema  Vnukovo  Gorky Park  Andrey Tarkovsky Film Festival  Vasily Tropinin  inventions  Proton Accelerators  Theatre Festivals  Archeology  Russian culture  Russin Universities  Russian airlines  Russian history  CBRE  Zaraysk  Charity  Mistral  Fashion  Karelia   Yury Solomin  Andrey Sigle  odd news  international cooperation  Children's Museums  Museum of Private Collections  Nikolay Krymov  Emmanuel Emenike  Russian sportswomen  Moscow  Russian ministers  Dmitry Solovyov  Aeroflot  insurance  Painting 

Travel Blogs
Top Traveling Sites