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The World Bank Changes Forecasts
5.06.2015 00:23
The World Bank Changes Forecasts

The World Bank (WB) improved the evaluation of the decline of the Russian economy in 2015 to 2.7 percent, as compared with the April forecast of 3.8 percent. This was stated in the message of the organization.

      The new forecast for the next year is also more optimistic: instead of GDP’s decline by 0.3 percent, its growth by 0.7 percent is expected; and a growth by 2.5 percent is expected in 2017. As the World Bank representatives explained, the update of the forecast is due to the further stabilization of world oil prices. According to the forecasts of the international organization, the new scenario is more optimistic and suggests that the average oil price will make up 58 dollars per barrel in 2015 and 63.6 dollars in 2016.


Author: Anna Dorozhkina

Tags: World Bank     

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