forecasts

 Moody’s changes Russia’s GDP growth outlook

International rating agency Moody’s has cut its Russia’s 2019 gross domestic product growth forecast to 1.2% from 1.6%, the agency said in the Global Macro Outlook 2019-2020 report. The 2020 forecast was kept at 1.5%. …

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EIA: US oil export may outstrip Russia by 2024

The U.S. will become a net oil and oil product exporter in 2021, and will export more oil than Russia by 2024, the International Energy Agency (IEA) said in its new Oil 2019 report. In 2018, the combined production of liquid …

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IMF forecasts 4.6% economic growth in Georgia

The International Monetary Fund said that Georgia's economic growth is projected to reach 4.6% in 2019. An IMF team led by Mercedes Vera-Martin visited Tbilisi on February 20-26 to discuss recent economic and …

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OPEC cuts global oil demand forecast

OPEC cut its forecast for 2019 world oil demand due to slowing economies and expectations of faster supply growth from rivals, underlining its challenge to prevent a surplus even as it starts new production cuts. OPEC said it now …

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European Commission sharply lowers oil prices forecasts

The European Commission has lowered its forecasts for Brent oil prices in 2019-2020 in its Winter 2019 interim report. Based on futures markets, an average Brent oil price of $61 per barrel is now assumed in 2019 and 2020, according to …

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IMF worsens Russia’s 2019–2020 GDP growth forecasts

The International Monetary Fund has worsened its Russia’s 2010 gross domestic product growth forecast by 0.2 percentage points and 0.1 percentage point in 2020 to 1.6% and 1.7%, respectively, the IMF said in its World Economic Outlook. …

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World Bank downgrades global economic growth forecast

The World Bank downgraded its global economic growth forecast to 2.9% from 3% in 2019 due to a decline in trade and investment. The World Bank’s January 2019 World Economic Outlook is titled 'Global Economic Prospects. Darkening …

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 Oil price to reach $137 in 2040?

The International Energy Agency (IEA) has improved its forecast for oil price by 6% to $88 per barrel in 2025 and by 0.9% to $112 per barrel in 2040, according to IEA’s World Energy Outlook 2018 report. According to the New …

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IMF improves forecast for Russia's growth

The International Monetary Fund (IMF) has upgraded the forecast for Russia's growth to 1.8% in 2019, according to the World Economic Outlook report released. At the same time, IMF expects Russia's inflation to stay at the level …

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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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