Russia expects GDP growth is-4% in 2015

• Face of Western sanctions and low volatility of international oil prices in 2015, Russia economic development difficult.
  Recently, Russia's Central Bank announced the results of its latest forecast, 2015 the country's GDP growth is expected to fall to -4%~-3.5%, which also means that the country's economy will be in negative growth this year. Russian Central Bank statistics show January 30, 2014 Russia GDP real growth rate for 0.6% in 2013, representing a decline of 0.7%.
  Russia's Central Bank forecast GDP results, than the International Monetary Fund (IMF) released in January's World Economic Outlook more pessimistic IMF forecast Russia in 2015, in which economic growth will fall by 3%, 1% drop in 2016.
  Russia said in a statement issued by the Central Bank, a series of factors will continue to Russia have a negative economic impact, including imported goods prices and worsening economic indicators, bank loans with higher interest rates, residents pay the possible loss of income. Therefore, the 2015 Russia GDP will decline sharply from 3.5% to 4%. In this case, the 2015 Russia capital outflow or the total will reach $ 131 billion, 2016 total capital outflow is expected to slightly better, at $ 89 billion.
  Russia economy because international crude oil prices, Russia's Central Bank predicted that the 2015 International crude oil prices at around $ 50 to $ 55 per barrel in 2016, oil prices at around $ 60 to $ 65 a barrel. Meanwhile Russia Bank believe that main factors influencing the ruble exchange rate is still in the future oil price. "The fluctuation in oil prices is still a possibility that ruble exchange rate will vary with fluctuations in oil prices, but the sharp devaluation of the rouble, like end of 2014 2015 does not occur. "The Bank wrote in the bulletin.
  Western economic sanctions, plummeting oil prices and the devaluation of the rouble since last year led, Russia domestic inflation remains high, Russia's Central Bank in mid-December last year, unexpectedly raised interest rates substantially momentum 650 basis points to contain the ruble's devaluation and rising inflation, which also hit a 1998 Russia defaulted the steepest hike since.
  But with the global economy facing deflationary pressure, in the face of intense pressure from economic slowdown, Russia's Central Bank also joined the armies of rate cuts.
  On January 30 this year, Russia's Central Bank announced unexpectedly cut interest rates by 200 basis points, from 17% to 15%, while the market consensus expected Russia's Central Bank will keep interest rates unchanged.
  Russia's Central Bank said in a statement after the rate cut: "the economic slowdown will curb inflation rose further, last December to implement emergency rate increases in stabilising inflation and devaluation of the ruble expectations on their effect in line with Central Bank expectations. ”
  On Friday, Russia Central Bank cut rates for the second time this year. Will cut its key interest rate by 100 basis points, to 14%, in line with market expectations and reduced its repo rate by 100 basis points, to 15%, reduced its deposit rate by 100 basis points, to 13%. Meanwhile, Russia's Central Bank said, are prepared to continue to cut interest rates, and allowing the market to pay more attention to Russia will be held on April 30 meeting on interest rates.
  "Russia's Central Bank cut interest rates direction is clear, the problem is reduced. As we all know, Russia economy struggling, and should cut interest rates. "Manage assets of about $ 270 million in Moscow's RaiffeisenCapitalAssetManagement KonstantinArtemov Fund Manager commented.
  Industry sources said, Russia's Central Bank rate cut in a row, mainly to cope with the severe downward pressure on the economy. Meanwhile, ruble rebounded, as well as Russia domestic inflation momentum has been slowing for Russia laid the Foundation for further monetary easing.
  More optimistic is that Russia's Central Bank predicted that economic weakness would help to curb inflation. As of March 10, Russia as 16.7% YOY inflation. Russia's Central Bank believes that the inflation rate is expected to peak in the second quarter, expected inflation rate for the year will fall below 9%, 2017, to 4%.
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