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2015-09-01 18:30:00

RUSSIA'S BIGGER JUMP

RUSSIA'S BIGGER JUMP

Russia's economy is heading for a bigger contraction this year than previously expected as a lower oil price and weaker global economy weigh, a Reuters poll of analysts predicted on Monday.

Economists are revising down their forecasts after a renewed slide in the international oil price, exacerbated by global concerns focused on China's weakening economy.

The poll of 12 forecasters predicted that Russia's economy would decline by 3.7 percent in 2015, more than the 3.5 decline projected in last month's poll.

"We cut our real GDP outlook... to take…

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Tags: RUSSIA, OIL, PRICES
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