Russia's economy to shrink by 3% in 2015

GMT 14:34 2015 Saturday ,31 January

Arab Today, arab today Russia's economy to shrink by 3% in 2015

Russia has increased the amount it expects the economy
Moscow - AFP

Russia's economy minister on Saturday said GDP is expected to shrink by three percent in 2015 with oil prices at $50 a barrel, while capital flight is estimated to be $115 billion.
The government previously predicted the contraction at 0.8 percent. Inflation predictions have also been revised for the current year from 7.5 percent to 12 percent, minister Alexei Ulyukayev said, news agencies reported.


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