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World Bank improves its forecast on Russian economics

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World Bank improves its forecast on Russian economics


10.01.2018

pixabay.comThe World Bank has announced that a higher growth of Russian economics is expected in 2018, 1.7% instead of the previously expected 104%, according to Lenta.ru.

The forecasted GGDP growth has also increased from 1.4% to 1.8%. The specialists believe that increase in the global economics won’t exceed 3% in 2018. The data for 2017 also improved to 1.7 instead of the expected 1.3%.

The oil price favors the positive forecast. By January 9 the Brent price exceeded $69. The last time the price was as high almost three year ago, in May 2015. This morning the Brent futures for March grew by 0.48% compared to the previous level ($69.15 for a barrel).

The Finance Ministry reports that last year the price of the Russian Urals grew by 30% and now amounts to $53.03.

Russkiy Mir 

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