Qatari former Emir Sheikh Khalifa bin Hamad Al Thani dies aged 84World October 23, 23:08
Russia’s health ministry plans to build vaccines plant in EcuadorBusiness & Economy October 23, 20:19
Cygnus cargo spacecraft docks to ISSScience & Space October 23, 19:44
Whereabouts of several residents of blast-destroyed house in Ryazan not yet establishedWorld October 23, 18:50
Zakharova: no cyberattack on Russian foreign ministry’s websiteRussian Politics & Diplomacy October 23, 18:29
Russian Minister of Energy: Russia, Saudi Arabia begin new stage of energy cooperationBusiness & Economy October 23, 17:32
Russia not ready to say whether it will cut oil production or freeze itBusiness & Economy October 23, 17:29
Experts probing into situation around cyberattack on Russian foreign ministry’s websiteRussian Politics & Diplomacy October 23, 17:05
Two bandits killed in special operation in Nizhny Novgorod - sourceWorld October 23, 15:15
WASHINGTON, January 16 (Itar-Tass) - To Russia, the past year may be marked by a steep decline in GDP growth rate, according to a new study published by the World Bank (WB) on Tuesday.
According to the study, the 2012 GDP growth rate for the Russian Federation is expected to be 3.5 percent, as against 4.3 pct the year before.
Economic growth in Russia -- the largest country of the Europe-Central Asia region -- is expected to slow down in 2012 to 3.5 percent, the study says, mentioning unfavourable conditions as the main causes of such a development of events: drought which affected agricutlrue, the growing inflation, as well as the weakness of the world economy.
The WB study emphasizes that despite the expected high prices of oil Russia's GDP will grow slightly in the near future. In this connection, as the authors of the study suppose, taking into consideration the budget deficit in non-fuel sectors of the economy, the government will encounter difficulties with augmenting state investments.
Nevertheless, WB experts' view is that the situation in the Russian economy will be gradulaly improving. Their forecast is that GDP growth will be 3.6 percent this year, 3.9 percent next year, and 3.8 percent in 2015.