Sources: IMF downgraded the forecast decline of Russia’s economy in 2016 to 1% from 0.6%

Sources: IMF downgraded the forecast decline of Russia’s economy in 2016 to 1% from 0.6%


WASHINGTON, January 15. /Corr. Andrew Shitov/. The international monetary Fund (IMF) has revised some of the deteriorating economic forecasts for Russia. As it became known to the correspondent from informed sources, the Fund now expects contraction of the Russian economy in the current year by 1% next year – growth of 1%.

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These figures are contained in the updated forecast and analytical report, which should be officially presented on January 20 in London.

Last fall, the Fund predicted the decline of the Russian economy in 2016 by 0.6%.

However at the same time he expected that in 2015 the recession will reach 3.8%. According to the updated document, in fact the figure was minus 3.7%.

Last week, new forecasts published by the world Bank. In Russia his expectations are slightly more optimistic than the IMF: minus 0.7% for the current year plus 1.3 percent for next.