forecasts

EBRD forecasts Azerbaijan’s GDP growth

European Bank for Reconstruction and Development (EBRD) forecasts 2.5%-growth in Azerbaijan’s GDP in 2018, according to the bank's Regional Economic Prospects report. ‘This is 0.5% higher than previous forecast’, …

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Increase in revenues promised to Russians

The S&P international rating agency forecasts a gradual increase in real incomes of Russians, the agency said in a report. "The level of real disposable income and customer confidence may gradually increase in the long …

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 OPEC hikes 2018 forecast for oil supply growth

OPEC said it expects demand for oil to grow faster than it originally expected in 2018, but the organization also sees supplies from beyond the producer group surging this year, driven by rising US output. The cartel said it now sees …

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BP CEO gives oil price forecast for 2018

The current price of oil of $69 per barrel is somewhat high, BP CEO Bob Dudley said at the World Economic Forum. Dudley noted that the company's experts predicted decline in oil prices. "We expect the …

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Oil market almost balanced, Maxim Oreshkin says

It is hardly worth waiting for drastic changes of the oil prices - the oil market is almost balanced, the head of the Ministry of Economic Development, Maxim Oreshkin said. According to him, the ministry did not take into account the …

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 IMF to upgrade its outlook for global growth

The head of the International Monetary Fund Christine Lagarde said that 'the long-awaited global recovery is taking root' and that three-quarters of the globe is enjoying an economic upswing in 'the …

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Why did Russia’s rating grow?

According to Reuters, ratings agency Fitch revised its outlook on Russia’s long-term foreign- and local-currency issuer default ratings to positive from stable. Fitch, which also affirmed Russia’s rating at “BBB-”, said …

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Bank of Russia predicts decline in inflation

The Bank of Russia has published a new inflation forecast. According to the bank, the inflation rate will slow in 2016 more than the central bank previously predicted: in the end of 2016 the inflation rate will be 56% instead of 67%, a report of …

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Kudrin names main problems of Russian economy

Former Russian finance minister Alexei Kudrin has named dependence on energy prices, an aging population, a high share of the state in the real sector and the excessive centralization of the state administration as the main …

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S&P confirms credit rating of Russia

The international rating agency Standard & Poor's has confirmed the long-term sovereign credit rating of the Russian Federation in foreign currency at the level of 'BB +' with "negative" forecast. At the same …

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IEA predicts decrease in Russian oil output

The largest decrease in oil output in the next six years among non-OPEC countries is expected in Russia, the Executive Director of the International Energy Agency (IEA) Fatih Birol informed at CERA WEEK in Houston. …

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