Arab Today, arab today russias economy to contract 07 in 2015
Last Updated : GMT 02:18:28
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Russia's economy to contract 0.7% in 2015

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Arab Today, arab today Russia's economy to contract 0.7% in 2015

The World Bank said its forecast is based on a scenario of crude prices
Moscow - AFP

The World Bank on Tuesday predicted that Russia's economy would shrink by 0.7 percent in 2015, but warned that the contraction would be worse if oil prices were to keep sliding.
The World Bank said its forecast is based on a scenario of crude prices averaging at $78 in 2015. But if oil prices fell to $70, Russia's output would shrink by 1.5 percent, it said.

 

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