Bank of America has predicted the collapse of the Russian economy
Russian economy will fall - said the U.S. experts.
In brief: Bank of America believes in the growing problems of the Russian economy. GDP in Russia will start to decline in the level of growth this year.Bank of America Merrill Lynch Global Research has lowered the forecast for Russian GDP growth this year from 7% to 5,5%, according to a review of the bank. And this was the first decrease in GDP growth forecast of Russia in 2010 among analysts optimists.
Bank of America explains the forced downward revision of forecasts of GDP in Russia in 2010 lowered the bank’s commodity analysts forecast oil prices this year to $ 78 a barrel and disappointing statistical data for the 1 st quarter of 2010 to Russia. Meanwhile, reducing the forecast for Russian GDP growth this year, bank analysts have expressed great concern about how the Russian economy will be felt in 2011, but continues to believe that it will be in “good shape”. “We anticipate that in 2011 GDP growth of Russia for a mere 4%, and we believe that the consensus forecast of 4,6% is overvalued,” – said in the review.
Ukrainian Globalist2010-05-29 14:31, Economics.
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