Bank Morgan Stanley has lowered the GDP growth forecast for Russia

Investment Bank Morgan Stanley has updated its forecast for growth of Russia’s GDP, reducing it from 1.4 to 1.2% next year, with the prospect of further growth in the longer term, writes Bloomberg. Earlier, the Bank evaluated the possibility that anti-Russian sanctions will be lifted to 35%.

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It is reported that the Bank has lowered its forecast due to the fact that tight fiscal policy may have a negative impact on consumer demand, but the average price of oil will increase from 42 dollars a barrel to 50. In the future, the Russian economy is expected to show more significant growth. In the absence of changes, by 2019 the growth will be at the level of 1.1% yoy.

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