World Bank raises RussiaТs 2018 econ growth outlook to 1.6% - Business Wire - 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 raises RussiaТs 2018 econ growth outlook to 1.6%

MOSCOW, Dec 4 (PRIME) -- The World Bank has raised its forecast for RussiaТs economic growth in 2018 to 1.6% from 1.5% and expects the economy to slow down to 1.5% in 2019 from 1.8% projected earlier, the bank said in a report Tuesday.

The World Bank retained its forecast for RussiaТs economic growth in 2020 at 1.8%.

Economic growth is to slow to 1.3% by 2022, but can reach 3% by 2028 thanks to the reforms that are to begin in Russia, the bank said.

The World Bank also believes that RussiaТs goal to reduce poverty by half by 2024 is achievable even at a low pace of economic growth if the government changes the social support system and turns to targeted assistance to those in need.

End

04.12.2018 15:25
 
 
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