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03Jun15

IMF and World Bank may improve outlook for Russia's economy in fall -- source

The IMF and the World Bank may improve the outlook for the Russian economy in fall, a source in the Ministry of Economic Development told TASS on Wednesday.

"The next round of reviewing Russia's expectations to the upside may be expected in fall," the source said.

TASS reported earlier the IMF reviewed the forecast for the Russia's economy decline to 3.4%. The World Bank revised its forecast to 2.7% drop of the Russian economy.

The Russia's GDP decline may total 2.3 - 2.5% if oil prices are favorable, the source in the ministry said.

[Source: Itar Tass, Moscow, 03Jun15]
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