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: in the third week of July, Krasnodar Krai seaports exported nearly 0.5 mln tonnes of grains
In 2017/18 MY, Russia can lose its new grain export markets - RGU
Russia harvested over 30 mln tonnes of grains - Ministry of Agriculture
In the third week of July, the Russian seaports slightly increased grain export volumes
July 24, 17:35
In January-May, Russia exported 10 mln tonnes of wheat - Rosstat
July 24, 11:55
Russia: in the first half of 2017, NCSP Group increased grain shipment volumes
July 24, 10:50
Russia exported over 1 mln tonnes of grains - Ministry of Agriculture
July 24, 09:50
Russia planted spring grains and pulses for the harvest-2017 throughout 47.9 mln ha – Rosstat
July 21, 15:50