Moscow, Jan 25 (EFE) .- The Russian economy shrank by 3.7% in 2015, according to preliminary growth data released today by the Federal Statistics Service (Rosstat).
The figure two tenths improvement in the latest forecast of the Ministry of Economy, recently estimated that the contraction by 3.9%.
The recession that has lasted more a year and a half in Russia will continue in 2016 if the price of a barrel of Brent crude, the European benchmark, sells for under $ 50, according to the forecast of the Russian government.
The latest forecasts governmental updated for this year indicate that the country’s Gross Domestic Product decreased 0.8%, in line with estimates by the World Bank and the IMF, Russia predicting negative growth of 1%.
In the worst case, says the forecast of Economy, if the average annual price of a barrel of oil is around $ 25, the economy will fall about 3.9%.
The Russian prime minister Medvedev recently warned that Russia lives economic depression can last several years, since “the end of the fall of GDP does not automatically pass to growth”
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