Russia’s economy and imports to contract further
(13.04.2016)
Volyymi
90Numero
1/2016Julkaisija
Bank of Finland
2016
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201604181097Tiivistelmä
In the wake of a second export price shock late last year, the Bank of Finland now expects Russian GDP to contract 3% in 2016. Our new forecast assumes the price of oil averages slightly over $40 a barrel this year, about 60% below the 2014 average. With the economy shrinking and depressed export earnings, Russian imports should fall another 10% this year.