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World Bank predicts slowdown in Russian economy

World Bank predicts slowdown in Russian economy
Photo: pixabay.com

The growth of the Russian economy will drop to 1%. Such a disappointing forecast for the 2019 year gives the World Bank. It is associated with a number of reasons, the impact of which was aggravated by economic sanctions.

As the TASS, earlier the growth of the economy in Russia was predicted at the level of 1,2%. The decrease is due to the decline in industrial activity due to the OPEC + agreement on the reduction of oil production, weak investments, low growth in trade and other factors. The only thing that is able to improve the situation so far is the implementation of national projects.

Experts believe that the slowdown in economic development spread to the Central and Eastern part of Europe, which maintains trade and financial ties with Russia. This year, the growth rate was 1,8% - the lowest in four years.