10/11/12

Russia: an economic projection from IMF

International Monetary Fund has issued a new "World Economic Outlook".  This is a sixty page document with lots of tables and figures. For Russia, it's not too much reported. IMF expects the Russian GDP to grow by 3.7% in 2012 and by 3.8% in 2013. This is 0.3% and 0.1% less than was predicted in July. A sad trend which may extend in the future.  Economic "activity in Russia, which has benefited various economies in the region, has also lost some momentum recently."
Central Bank Total Assets increased to 50% of the 2008 GDP, which is less than in China but higher than in India and Brazil. An important value for Russia is the difference between global oil demand and supply. With the Russian 10.7 million barrels production per day the global production excess in 1.7 millions a day (supply is 90.1 and demand - 88.1). Oil price has a downward tendency.

1 comment:

  1. eToro is the #1 forex broker for rookie and full-time traders.

    ReplyDelete