The International Monetary Fund has predicted the fall of the Russian economy in 2015 at 3%. Previously, he expected GDP growth this year at 0.5%. This is stated in the updated review of the world economy (World Economic Outlook Update, WEO), transmits the Forbes .
The fall should occur due to a sharp decline in oil prices and increased geopolitical tensions, explained in the report. These numbers will be listed in the report on the status and immediate prospects of the world economy, the presentation of which will be held today in Beijing.
In this case, the IMF estimated growth of the Russian economy at the end of 2014 to 0.6%. In 2016, the fall of Russia’s GDP, according to the fund will be 1%.
The Fund also lowered the forecast of GDP growth in the world. The document states that there will be a moderate growth of 3.3% in 2014 to 3.5% in 2015 and 3.7% in 2016. In the advanced economies are expected to grow by 2.4% in 2015 and 2016. Economic growth in developing countries will be 4.3% in 2015 and 4.7% in 2016.
The report notes that these figures are related to three factors, among them the weak economic situation in Russia, reduced growth for commodity-exporting countries. The main factor behind the decline in world indices, the decline in the growth rate of China’s economy.
On Friday, Jan. 16, the international rating agency Moody’s predicted decline of Russia’s GDP in 2015 to 5.5%. In this case, another international credit rating agency Fitch, submitted a rating of Russia on the verge of “junk” non-investment grade, predicted the fall of the Russian economy this year to 4%.
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