Situation around the Crimea to lead to decreasing of the Russian economics by 1.8% - World Bank
In terms of the risks increasing and volatility growth due to the current political uncertainty around the Crimean crisis, the World Bank worked out two scenarios of growth of the Russian economic in 2014. The first variant proceeds from the short-term influence of the situation in Ukraine on the economics of Russia, the second one – threatens the major GDP down-turn.
On March 26 experts of the World Bank declared that the scenario with the low-level risks provides the limited and short-term influence of the Crimean crisis; herewith there is forecasted lowering of the economic growth in 2014 to 1.1%, and slight speed-up to 1.3% in 2015.
Within the scenario with the high-level risks there is forecasted more serious shock for the economic and investment activity, which will lead to the real GDP reduction by 1.8% in 2014.
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