Similar Stories to Russia's Economy To Shrink By 3% In 2015: Minister on Bing News

Business Insider, Business Insider
Sat, 01/31/2015 - 6:34am

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 »

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Topics:  moscow afp     russia   gdp   alexei ulyukayev   shrink   minister   russia's economy   percent   
BING NEWS:
  • Russia's Economy on Course to Hit Historic Low
    Russia's share of global GDP is set to decline between now and the end of the decade, the International Monetary Fund has said.
    05/2/2024 - 5:28 am | View Link
  • Russia’s gas business will never recover from the war in Ukraine
    W hen Russia’s leaders stopped most of the country’s gas deliveries to the EU in 2022, they thought themselves smart. Prices instantly shot up, enabling Russia to earn more despite lower export ...
    05/1/2024 - 11:04 pm | View Link
  • Chinese Support for Russia’s War in Ukraine Deepens Friction With U.S., E.U.
    Over 26 months have passed since Russia’s latest invasion of Ukraine. The current stalemate has given way to gradual advances by Russia, as political support for arming Ukraine waned in Western ...
    04/30/2024 - 8:02 pm | View Link
  • GDP Growth Slows But Doesn’t Shrink
    The advance estimate of GDP for the first quarter was an annual rate of 1.4%. That there would be a drop from the 3.4% rate in the fourth quarter of 2023 was widely expected. The details of what moved ...
    04/25/2024 - 7:36 am | View Link
  • Canadian dollar could sink to 50 cents a decade from now, says analyst
    Jean-François Tardif, founder of Timelo Investment Management, speaks with Financial Post’s Larysa Harapyn about how the 2024 federal budget could impact the Canadian economy and the Canadian dollar, ...
    04/24/2024 - 2:48 am | View Link
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