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Country Economic Forecasts > Russia

  • July 2017
  • 13 pages
  • Oxford Economics
Report ID: 1907635

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The Russian economy continues to display signs of recovery, but the outlook is becoming increasingly weighed down by rising geopolitical risks and weak oil prices. A likely expansion of US sanctions against Russia will probably weaken confidence in the economy's recovery, and keep private investment depressed, while a further slide in oil prices would pose further downside risks. But for now, we maintain our GDP growth forecasts of 1.4% pa for both 2017 and 2018.

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