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
In the third week of April, Russian seaports increased grain export volumes
Russia to increase the exports of fat-and-oil products to the Middle East and Asian countries
Russia to lose the global leadership in wheat exports for some time - A.Dvorkovich
Russia exported over 29 mln tonnes of grains - Ministry of Agriculture
Russia to negotiate with Turkey after cancellation of the current export ban on grain exports - A.Dvorkovich
April 21, 14:30
In January-February, Russia exported over 4.4 mln tonnes of cereal crops - Rosstat
April 21, 14:00
Russia planted spring grains throughout 3.3 mln ha - Ministry of Agriculture
April 21, 10:40
Russia lost nearly 1.3-1.5 bln USD due to limitations of agricultural exports by Turkey - A.Tkachev
April 20, 14:40