World Bank Cuts Russias 2013 Economic Growth Forecast

Sunday 15th December, 2013

(MENAFN – Qatar News Agency) The World Bank cut its 2013 forecast for the Russian economy, saying weaker domestic demand and delayed investment recovery are threatening growth. Russia’s economy will expand by 1.3% this year, the World Bank said, down from the 1.8% it predicted in SeptemberGrowth for next year is projected at 2.2%, and at 2.7% for 2015, according to (RIA Novosti)Economy Minister Alexei Ulyukayev said in November he expected annual growth of 1.5%This is the lowest level at any time during Vladimir Putin’s tenures as president”The Bank expects that investment activities will slow…

Read the full story at MENAFN

Leave a comment