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World Bank: at the end of 2015 inflation in Russia will make 12.8%.
The World Bank published a report on the Russian economy. Chief Economist of the international financial institution Birgit Hanzl believes that at the end of 2015 inflation in Russia will achieve 12.8% while in 2016 - 6%.
"We expect that volatility that has led to a high inflation will fall. We estimate that by the end of this year the inflation will make 12.8% while at the end of the next year - 6%," – Hanzl reports.
According to her, swift actions taken by the Government and the Central Bank of Russia have eased the financial situation in the country for a short time, but to neutralize the risks additional measures are needed.
"Government spending must be decreased, and measures to support financial stability are needed. The collapse of oil prices will require the authorities to make serious management decisions in 2016 ", - the World Bank report says.
The World Bank published a report on the Russian economy. Chief Economist of the international financial institution Birgit Hanzl believes that at the end of 2015 inflation in Russia will achieve 12.8% while in 2016 - 6%.
"We expect that volatility that has led to a high inflation will fall. We estimate that by the end of this year the inflation will make 12.8% while at the end of the next year - 6%," – Hanzl reports.
According to her, swift actions taken by the Government and the Central Bank of Russia have eased the financial situation in the country for a short time, but to neutralize the risks additional measures are needed.
"Government spending must be decreased, and measures to support financial stability are needed. The collapse of oil prices will require the authorities to make serious management decisions in 2016 ", - the World Bank report says.
Sources: http://www.gazeta.ru
Author: Anna Dorozhkina
