Russia's Economy To Shrink By 3% In 2015: Minister

Moscow (AFP) - Russia's economy minister on Saturday said GDP is expected to shrink by three percent in 2015 with oil prices at $50 a barrel, while capital flight is estimated to be $115 billion.The government previously predicted the contraction at 0.8 percent. Inflation predictions have also been revised for the current year from 7.5 percent to 12 percent, minister Alexei Ulyukayev said, news agencies reported.Join the conversation about this story »

Topics:  moscow afp     russia   gdp   alexei ulyukayev   shrink   minister   russia's economy   percent   
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