Russia Economy Inches Forward
World Economy

Russia Economy Inches Forward

Russia continued its adjustment to lower oil prices in 2016, in an environment of economic sanctions, infozine.com reported. A sustained fall in real incomes kept domestic demand depressed, and the unfavorable external conditions repeatedly affected Russia’s economic growth. Thus, the recession has continued, albeit at a slower pace. In 2016, the economy is projected to contract by 0.6%, and grow by 1.5% in 2017 and 1.7% in 2018, as hydrocarbon prices are forecast to continue recovering and positively affect domestic demand, the World Bank said in its latest Russia Economic Report launched in Moscow Wednesday.


Short URL : https://goo.gl/iiFBCB
  1. https://goo.gl/4R1cBT
  • https://goo.gl/EIcZ4N
  • https://goo.gl/5gyimZ
  • https://goo.gl/vQL3yd
  • https://goo.gl/WQkkuS

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
Credit Crunch Pushing Sweeping Changes in Ethiopia
In a surprise move, Ethiopia’s government announced it would...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...

Add new comment

Read our comment policy before posting your viewpoints