RUSSIALINK RBTH: “World Bank upgrades its forecast for the Russian economy; Prediction a significant improvement over June report”

World Bank Building

On Nov. 9, the World Bank released its latest forecast for the Russian economy. The prediction was better than expected, showing the Russian economy shrinking by 0.6 percent in 2016, then rising by 1.5 percent in 2017 and by 1.7 percent in 2018. In June, the World Bank predicted that Russia’s GDP would fall by 1.2 percent in 2016.

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