World Bank: GDP growth in Russia in 2020 will reach 1.6 percent

According to the forecast of the world Bank on the state of the global economy, in 2020 Russia’s GDP will grow by 1.6 percent. This is 0.2 percent lower than the estimate made by the world Bank in June 2019.

In 2021-22 years, Russia’s GDP will grow by 1.8 percent, experts of the Bank. Compared to the forecast six months ago the numbers have not changed, RIA Novosti reported. In 2019, GDP growth in Russia according to the world Bank amounted to 1.2 percent.

the world Bank predicts that the world economy in 2020 will grow by 2.5 percent. This will be possible thanks to restoration of investment and trade, have suffered a weakening in 2019.

the risk that the growth rate will decline, will continue. While the advanced economies growth will fall to 1.4 percent due to the weakness of the manufacturing industry. Because of tariff increases and against the background of heightened uncertainty, the U.S. economic growth will slow to 1.8 percent.

the Growth of emerging economies will accelerate to 4.1 percent. In the Asia-Pacific region the growth will be 4.9 percent. While a special case is China: because of the number of issues, including trade tensions, the growing economy of China will slow to 5.9 percent.