Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
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.