OECD cuts the forecast of GDP growth in Russia to 0.5%
The Organization for Economic Cooperation and Development (OECD) forecasted that in 2014 the growth rates of the GDP in Russia will downgrade to 0.5%, as opposed to 1.3% in 2013, informed the May forecast of the organization.
At the same time, in 2015 the OECD expects for acceleration of the growth rates of the Russian economy to 1.8%.
In addition, the organization forecasted inflation rates in Russia in 2014 at 6%, in 2015 - 4.6%.
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