Australia-born track cyclist Perkins says excited to become Russian citizenSport August 17, 20:04
Van rams into pedestrians in BarcelonaWorld August 17, 19:33
Moscow sees chance to improve Russia-US tiesRussian Politics & Diplomacy August 17, 18:47
Russian cosmonauts launch several nanosatellitesScience & Space August 17, 18:42
Deputy PM Mutko pledges to reinstate Russia’s membership with IAAF in nearest futureSport August 17, 18:22
Russian diplomat calls on all countries to fight against extremist web sitesRussian Politics & Diplomacy August 17, 18:16
Russian Center for Reconciliation calls on Syrians to join anti-terrorism effortsMilitary & Defense August 17, 18:05
Moscow condemns Estonia’s pro-Nazi sports quest Erna RaidRussian Politics & Diplomacy August 17, 18:00
Russian diplomat slams decision on Nazi death camp SobiborRussian Politics & Diplomacy August 17, 17:50
WASHINGTON, January 15. /TASS/. The International Monetary Fund (IMF) has downgraded its forecast for Russia’s economic contraction in 2016 to 1%, sources familiar with the matter told TASS. For 2017 the IMF expects the Russian economy to grow by 1%.
According to the sources, those are figures from the updated report on economic outlook due to be officially presented in London on January 20.
Last year the IMF expected Russia’s economy to contract by 0.6% in 2016.
Meanwhile, for 2015 the Fund forecasted a 3.8% contraction. According to its updated forecast, Russia’s economy contracted by 3.7% last year.
Last week the World Bank published its reviewed forecasts, which say the Russian economy will contract by 0.7% in 2016 and grow by 1.3% in 2017.