Reduction of Russia's GDP in 2015 will amount to 4, 5% in 2016 due to the stabilization of prices for oil products, the decrease in GDP will slow to 1.8%, according to the forecast of the European Bank for restoration and development (EBRD).




"at the same time the deep recession of the Russian economy, which will be, according to our forecast, minus 4, 5% in 2015, negatively affects the economy of countries that have close contacts with Russia ", - quotes the letter of the Bank, RIA " Novosti ". EBRD forecasts to 2016 the slowdown of the Russian economy in the end, the stabilization of prices for oil products at the level of 60 dollars per barrel. The Bank also appreciates the macroeconomic measures taken by the government of the Russian Federation. However, a number of structural habitual issues left unresolved, and will lead to the fact that the fall would occur. In addition, the penalties imposed on Russia over the conflict in Ukraine, EU and USA continue to funkcionirovat that, too, will adversely affect the economy. The report highlights that the recession in the Ukrainian economy will be deeper than predicted by the Bank in the beginning, and will have a negative impact on the economies of neighbouring countries. The forecast of Ukraine's GDP dropped from 5% to 7, 5%, is informed in the report. In January, the world Bank has lowered its Forecast for GDP growth of Russia in 2015, saying that the recession will be 2, 9% instead of 0, 7%. In 2016, the Russian economy " will go to: the world Bank expects increasing on 0, 1%. At the same time the EBRD showed a Forecast that this year the Russian economy will be 5%.

sections: Politics