forecasts

S&P approves Azerbaijan’s ratings at BB+/B level

The S&P Global Ratings international rating agency affirmed at BB+/B level the long-term and short-term sovereign credit ratings of Azerbaijan’s in local and foreign currencies, while the outlook for the rating was maintained as …

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Oil price to rebound above $100?

Some experts predict that investment in oil-and-gas production will dry up and propel crude prices back above $100 a barrel, The Wall Street Journal reported. "That funding pressure is going to be massive. It's going to be …

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Medvedev: Russia hit by three economic shocks

Russia will not escape a general economic recession due to the coronavirus pandemic  and now our country is hit by three economic shocks, Deputy Chairman of the Russian Security Council Dmitry Medvedev said in his article published in …

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Ministry: Russia’s unemployment to continue rising

The number of officially registered unemployed Russians has currently reached 1.6 million, while this number is expected to keep growing in May and June, Russian Minister of Labor and Social Protection Anton Kotyakov said. He noted …

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ADB: virus' economic impact could hit $8.8 trillion

Global economic losses from the coronavirus pandemic could reach up to 8.8 trillion dollars, or nearly 10% of the world economy's output, the Asian Development Bank (ADB) said. The Manila-based bank said the forecast for …

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IEA revises oil demand forecast

Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it trimmed its forecast for the drop citing easing lockdown measures. Demand is expected to fall by 8.6 million barrels …

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Moody's revises Saudi Arabia's credit outlook

Moody's downgraded Saudi Arabia's sovereign outlook to negative from stable, citing increased downside risks to the kingdom's fiscal strength from the oil rout.  "The shock transmits mainly through the loss in …

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EIA forecasts Brent may reach $183

The Energy Information Administration (EIA) in its Annual Energy Outlook 2020 projects the price of Brent crude oil to reach $183 per barrel by 2050. That is possible in the case of high costs and fewer easily accessible resources. …

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Brent oil price to return to $90?

The Brent oil price will return to $90 per barrel, Saxo Bank said in one of its Outrageous Predictions released today. The bank also said that Russia and the OPEC states will announce a new significant reduction of oil output in 2020. …

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IEA predicts 7% growth in global oil demand y 2025

Global demand for oil will grow by 6.6 million barrels per day to 103.5 million barrels per day by 2025,  the International Energy Agency (IEA) said in an annual World Energy Outlook 2019. It will grow 9.8% to 106.4 …

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Russia to set new inflation record

Russia’s consumer price inflation will be significantly lower than the official forecast of 3.8% in 2019, Economic Development Minister Maxim Oreshkin said. "We see that inflation will be significantly lower …

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IMF changes forecast for Russia’s GDP growth in 2019

The International Monetary Fund (IMF) has worsened its Russia’s 2019 growth forecast by 0.1 percentage point to 1.1% following a revision of the average annual oil price forecast, the IMF said in its World Economic Outlook. …

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IMF raises Turkey growth forecast

The IMF sharply increased its forecast for Turkey’s economic growth this year but warned the prospects of a sustainable recovery from last year’s currency crisis have dimmed. In a concluding statement published after an …

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 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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IEA does not expect 'huge increase' in crude prices

The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director Fatih Birol said Electric …

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