IMF predicts economic recession in Russia by 1-3% until 2016 – BBC

IMF predicts economic recession in Russia by 1-3% until 2016 – BBC

The International Monetary Fund forecasts that the economic downturn in Russia range from 1% to 3% in 2015 and in 2016. It is reported by TASS with reference to the report presentation which is now in Beijing.

It is noted that the forecast in line with expectations of the Russian authorities.

Earlier, the Central Bank of Russia predicted drop in GDP of Russia, while maintaining oil prices at $ 60 per barrel on average 4.5-4.7% next year and 0,9–1,1% in 2016. Thus, the IMF forecasts are more optimistic look.

In October 2015, the IMF said on opportunities for economic growth in Russia on 0,5%.