Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
Russia suggests setting up international coalition for demining operations in SyriaRussian Politics & Diplomacy March 25, 1:08
One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
Russia's 'Gentlefan' baton passed on to Krasnodar ahead of Cote d’Ivoire friendlySport March 24, 21:34
MOSCOW, December 16. /ITAR-TASS/. Russian presidential aide Andrei Belousov says the World Bank's 1.3% forecast for Russian economic growth is understated. The downgrade forecast “followed adjustment of our own estimate”, he told Itar-Tass on Monday.
Belousov says the projection does not reflect the country’s potential and the opportunity it has to increase growth to 3% next year.
To reach this level, Russia needed to improve the business climate, law enforcement, infrastructure and the banking sector alongside cutting interest rates that were among the gravest drags on economic growth, the aide said.
These measures were mainly attainable over the medium term though some were possible at a faster pace, he added.
The World Bank on Sunday revised downwards its forecast of Russian economic growth this year from 1.8% to 1.3%. Revision also affected 2014 and 2015 estimates, cut to 2.2% and 2.7% respectively.