World Bank warns of impending economic crisis in Russia

The World Bank is warning Russia that it will face another economic crisis as early as 2012 if the current global slowdown does not reverse. The organization has cut Russia‚Äôs GDP growth forecast from 4.4 to 4.0 percent in 2011. GDP growth for 2012 is estimated at 3.8 percent. The main reason for the downturn […]