// IP Marketing video - START// IP Marketing video - END

IMF lowers Russia growth forecast for 2014 and 2015

IMF lowers Russia growth forecast for 2014 and 2015

PanARMENIAN.Net - The International Monetary Fund (IMF) lowered its growth forecast for the Russian economy for 2014 and 2015 to 0.2 % and 1%, respectively, IMF advisor Antonio Spilimbergo said Wednesday, April 30, according to RIA Novosti.

"We adjusted the forecast for economic growth in Russia. We expect growth of 0,2 % this year," Spilimbergo said.

He added that next year, the IMF predicts 1% growth for Russia's GDP.

The previous IMF growth forecast for the Russian economy was 1.3 % for 2014 and 2.3% for 2015.

 Top stories
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
Gazprom supplies gas to Armenia through Georgia, but the transit agreement expires at the end of 2016, and Gazprom is keen to reduce the fee.
A proposal made at a Cabinet session suggested that the watchdog apply differentiated rates for natural gas and electricity.
The M6 highway is a vital link connecting Armenia with Georgia and beyond, providing the shortest link between the respective capitals.
Partner news