The Bank of Finland forecasts a 3% contraction in Russian GDP in 2016. This is due to the export price shocks Russia has had to face.
Articles tagged with "Russia"(3)
Russian economy and imports to contract substantially in 2015
The Russian economy has begun to contract due to the fall in the price of oil. GDP will contract by over 4% in 2015. The uncertainty will cause a decline in investment, and consumption will be cut particularly by rapid inflation. Imports will be reduced by the contracting economy, a weak rouble and declining export income.