IMF worsened its forecast for GDP growth in Russia to 1.3%
On April 8, 2014 The International Monetary Fund decreased its forecast for the Russian economic growth to 1.3% as opposed to January rate of 2%.
The IMF stated the estimation of the Russian short-term prospects and economics of other countries of CIS is worsened, due to the events in Ukraine and attendant geopolitical risks. The investments face a decrease due to the political uncertainty.
The Fund forecasts the rate of inflation in Russia to be at the level of 5.8% in 2014 and 5.3% in 2015.
According to the experts, the reasons of negative influence on the economic situation in Russia are capital outflows and trade decline due to the new eventual sanctions.
The IMF recommends Russia to pursue efforts, focused on the transition to the free exchange rate formation mechanism, keep the rate of inflation from the excessive increases and save the neutral budget course.
The experts mentioned that there is a necessity in the structure reforms, focused on the investments increase, economic diversification, deregulation and its growth support.
You should be authorized to post comment
Russia not to to get out of the WTO – S.Lavrov
Russia: harvest volumes to significantly exceed the average annual level – Roshydromet
Russia: Ministry of Agriculture to purchase 4-4.5 mln tonnes of grains to the intervention fund
Russia harvested almost 74 mln tonnes of grains
August 29, 13:19
During 11 months of 2013/14 MY Russia broke the record in refined oils production
August 28, 17:40
In September Russia to slightly reduce grain exports – expert
August 28, 12:40
In 2014/15 MY Russia to export nearly 30 mln tonnes of grains - Ministry of Agriculture
August 27, 15:30