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
Rusagrotrans increased its forecast of Russian grain exports in March 2015
March 27, 13:30
Russia planted spring crops throughout over 0.8 mln ha
March 27, 10:40
On March 25, Russia purchased over 30 thsd tonnes of grains to the intervention fund
March 25, 12:50
Russia cleared only 16 of 60 items of the anti-crisis plan - Audit Chamber
March 25, 12:27
Crimea: agrarians faced difficulties with plant protein production
March 25, 11:20
Crimea: grain harvest to reach 1.1 mln tonnes in 2015
March 25, 10:00