London (AFP) – Russia’s battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday.The London-based European Bank for Reconstruction and Development sharply revised its September prediction for a 0.2-percent contraction for the economy of key oil producer Russia in 2015.Join the conversation about this story »
Source: Business Insider
