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Russian GDP growth in 2020 predicted by World Bank
The growth of Russia's gross domestic product (GDP) in 2020 will be 1,6%, and in 2021-22 - 1,8%. This forecast was given by the World Bank.
As the RIA News, the forecast for Russia for 2020 compared with estimates made in June, decreased by 0,2%. For the next two years, the forecast was left unchanged.
The growth of the global economy this year will be 2,5%. This will be affected by the gradual recovery of investment and trade, but the risks of a slowdown remain. GDP growth among advanced economies will generally decline to 1,4%, while in emerging economies it will accelerate to 4,1%. According to the World Bank forecast, the US economy will slow down to 1,8%, the Eurozone will drop to 1%, and China will slow to 5,9%.