S&P downgraded its forecasts for Russia’s GDP for 2015 and 2016

MOSCOW, October 15. The international rating Agency S&P changed the forecast for the decline in GDP in 2015 to 3.6% from 2.6% and lowered its forecast for growth in 2016 to 0.3% from 1.9%. On it informs Agency Bloomberg.

The deterioration of forecasts of the Agency experts explain the expectations of a more prolonged period of weak domestic demand due to low and more volatile oil prices and more stringent than previously assumed, fiscal and monetary policy.