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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
Chronicle:
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Saudi Arabia raised its crude output to 12.3 million bpd on April 1 and said it planned to export to more than 10 million bpd starting from April.
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2020, April, 6, 14:35:00
#OilPriceWar: OPEC+ DELAY TO APRIL 9
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2020, April, 6, 14:10:00
ENERGY FOR SMART CITIES
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U.S. UNEMPLOYMENT 4.4%
the U.S. unemployment rate rose to 4.4 percent
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2020, April, 6, 14:00:00
WORLDWIDE RIG COUNT DOWN 161 TO 1,964
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