Market Overview

World Bank Lowers Russia's Growth Outlook

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The World Bank lowered its estimates for the Russian economy.

The bank projects the country's economy to grow 1.8% in 2013, versus its earlier view of 2.3%. The bank also cut its Russian growth outlook for 2014 to 3.1% versus 3.6%.

The International Monetary Fund on Tuesday also lowered its outlook for Russian growth to 1.5% versus 2.5%.

Posted-In: International Monetary Fund World BankNews

 

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