Адрес:
6 Presnenskaya Emb., 123112 Moscow Russia
Главная \ News \ World Bank: Inflation in Russia in 2018 remained low, economy grew despite sanctions

World Bank: Inflation in Russia in 2018 remained low, economy grew despite sanctions

In their June report, the World Bank analysts forecast the growth of Russian economy at 1.5% in 2018, same as in 2017.
The growth rate of the Russian economy increased in 2018, while inflation remained low, the World Bank said in a report released on Tuesday.

“Although economic sanctions tightened, Russia experienced relatively low and stable inflation and increased oil production. As a result of robust domestic activity, the Russian economy expanded at a 1.6% pace in the year just ended”, according to “Global Economic Prospects. Darkening Skies” the January 2019 World Economic Outlook by the World Bank.

In their June report, the World Bank analysts forecast the growth of Russian economy at 1.5% in 2018, same as in 2017.

According to the World Bank, Russia and other oil exporters “maintained steady growth in 2018, supported by a rise in oil prices”.


Source: www.tass.com
News
The Russian economy continues to lose its attractiveness in the eyes of large transnational businesses as consumers become poorer and the government continues the sanctions war with the West.

The Washington Institute of International Finance (IIF) sharply improved its forecast for the Russian economy. Its experts revised estimates of the fall in GDP in 2020 from minus 4.8% to 3.6%.

Net capital outflow from Russia by the private sector by the end of 2020 increased 2.2 times compared to the same period last year and amounted to $47.8 billion.

The decline in foreign direct investment (FDI) in the Russian Federation in January-September 2020 amounted to about 80%, according to the report of the World Bank (WB).
Net capital outflow from Russia since the beginning of the year has approached $48 billion.
MARKET INDICATORS
Retail in Russia
Retail in Russia
Russia and China
Russia and China
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
Real estate
Real estate
Real estate Russia
Real estate Russia
Контакты
6 Presnenskaya Emb., 123112 Moscow Russia
Get in touch