Activists in Berlin stage picket condemning Obama’s foreign policyWorld January 19, 21:17
Russian regulator promises to respond to any US restrictions of RT channelRussian Politics & Diplomacy January 19, 21:09
FIFA: Over 82,400 ticket requests applied globally for 2017 Confederations Cup in RussiaSport January 19, 20:17
Russia stands for developing legal tool to fight cyber hooliganismRussian Politics & Diplomacy January 19, 20:00
Russia is developing advanced hypersonic weapons — ministryMilitary & Defense January 19, 19:50
Former USSR leader receives Lithuanian court’s summons as witness in case over 1991 eventsWorld January 19, 19:29
FIDE chief says he plans to seek US entry after President-elect Trump’s inaugurationSport January 19, 18:56
Russian economy minister: Results of 2016 demonstrated adjustment to cheap oil, sanctionsBusiness & Economy January 19, 18:44
Russia ready to welcome Trump at economic forum in St. Petersburg — first deputy PMBusiness & Economy January 19, 18:29
MOSCOW, May 28. /TASS/. The Russian economic forecast keeps improving, the US-based Bank of America Merrill Lynch investment bank said in a survey on Thursday. According to its updated forecast, Russia will witness a 5.1% drop in investment in 2015 versus the previously expected 7.9% decline.
For 2016, BofA experts expect 3.9% growth in investment.
Followed by a deeper import contraction, this investment forecast improvement is the key driver for improvement of Russia’s GDP forecast by BofA, the survey said, adding that a higher than expected growth in oil prices may supply more support to companies’ revenues and investment in the current year.
As TASS reported earlier the Bank of America upgraded its forecast of GDP decline in Russia for 2015 to 2.8% versus 4% previously expected. Besides, the Bank’s forecast for Russia’s GDP growth for 2016 was upgraded to 1.1% from 0.9% according to the previous forecast.