The World Bank Congratulations On The Worsening Off
According to economists’ prognosis, the Russian ruble will devaluate and a number of unemployed and poor will increase
VLADIVOSTOK. 19 November. VOSTOK-MEDIA. The World Bank prognoses the harsh year 2009 for Russia. The GDP growth rate is expected to drop; inflation is thought to increase while unemployment will rise up. All will depend on the oil price and the capital outflow from the country. Russian officials and experts are expecting even the worse situation.
According to experts’ opinion, 2008 will see the Russian GDP growth dropping down to 6% and in 2009 this indicator will slide down to 3%. Inflation rate in 2008 is expected to be 13.5%, in 2009 – 12-14%. The capital outflow will increase: 2008 will witness the capital outflow rate at $50 billion while 2009 will double it – up to $100 billion. The Russian ruble will devaluate, a number of unemployed and poor people will increase. This is the prognosis of the World Bank.
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