Russia’s Central Bank Forecasts a Bleak 2016 and 2017

According to the official, the Central Bank expects zero dynamics of the GDP in 2017. “We expect the GDP will decline 1.3-1.5% in 2016, smaller than in 2015, and growth rates will be close to zero in 2017, somewhat plus-minus 0.5%. The annual growth rate of the GDP will be positive in 2018,” Nabiullina said. As […]