Russia’s economic growth is slow and may stagnate over the next two years, according to a World Bank study published Wednesday.
The bank says Russia’s economic growth may be just one-half of one percent this year — and forecasts it may be slightly slower in 2015 and 2016.
The bank’s new Russia Economic Report highlights geopolitical uncertainty — clearly a reference to Moscow’s actions against Ukraine – and uncertainty about the Kremlin’s economic policies as key factors in the country’s economic slowdown.
The World Bank estimates are more pessimistic than forecasts prepared by Russia’s government. Experts at the global lender said they are …read more
Source: Voice of America