BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/15
The World Bank came out with a similar projection last week, but sees a slightly stronger recovery path than the IMF forecast. Most forecast risks, however, are on the downside. The combined effects of US and EU sanctions, as well as Russian countersanctions are weakening the economy’s development. The World Bank’s forecast sees Russian economic growth accelerating in 2017 to 2 % if general uncertainty abated and sanctions were lifted.
Forecasts of Russian GDP growth, % change
