The world Bank (WB) is more than 3 times downgraded the dynamics of Russia's GDP in 2015 due to Persistently low oil prices: now assumed to decline by 2 9% instead of 0, 7%, according to the report of the world Bank.

by the end of 2014, the Minister of economic development Minister Alexei Ulyukayev said that inaccurate data, the Russian economy in 2015 could fall by 3% if the price of oil will stay at the level of $ 60 per barrel. As long as, however, the oil is much cheaper than this level. On Tuesday, the price of Brent and WTI has updated the lows of March 2009 - 46, $ 4 and 44, $ 2 per barrel, respectively.

The official forecast of the Ministry for the dynamics of GDP this year - a decline to 0, 8%, with an average annual price of oil at $ 80 per barrel.

" Persistently low oil prices will weaken economic activity in exporting countries ", - predicts the WB. For example, in the opinion of the Bank, the GDP of the Russian Federation in 2015 will amount to 2, 9%. In 2016, the Russian economy with labour will return to positive indicators: WB expects increasing on 0, 1%.

in 2014, according to world Bank analysis, the growth of economic indicators of the Russian Federation slowed to 0, 7%. For reviews of the organization, tense relations with Ukraine, punishment and falling oil prices have been superimposed on the structural decline, although in the last quarter of 2014 after the sharp downturn in the middle of the year the ruble devaluation and the increase in government spending has boosted exports and industrial production.

sections: Politics