World Bank improves RussiaТs GDP growth outlook to 1.7% in 2018 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

World Bank improves RussiaТs GDP growth outlook to 1.7% in 2018

LONDON, Jan 10 (PRIME) -- The World Bank has improved its outlook for RussiaТs gross domestic product (GDP) growth to 1.7% from 1.4% in 2018 and to 1.8% from 1.4% in 2019 due to a significant rise in oil prices in July-December 2017, it said it its January 2018 Global Economic Prospects report on Wednesday.

The 2017 RussiaТs GDP outlook was upgraded to 1.7% from the 1.3% projected in June, and the 2020 outlook remains unchanged at 1.8%.

The countryТs economy has benefited from higher oil prices and a generally favorable global economic situation, the World BankТs chief economist Francesca Onsorg told PRIME.

The organization projects the oil price at U.S. $58 per barrel in 2018 and $59 per barrel in 2019, slightly higher that its previous forecast.

Global economic growth is forecast to accelerate to 3.1% in 2018 and 3% in 2019 due to larger of investment, industrial production and trade, the World Bank said.

End

10.01.2018 08:42
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.3332 +0.0369 23 feb
USD 65.5149 -0.0252 23 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1198.40 +0.82 18:50 22 feb
micex 2488.63 +0.74 18:50 22 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.64 +0.74 18:49 22 feb
lkoh 5527.00 +1.46 18:47 22 feb
rosn 401.50 +1.27 18:48 22 feb
sber 205.25 +0.90 18:49 22 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.2900 +0.0325 14:59 22 feb
USDTD 65.4075 -0.0575 17:44 22 feb