Russian economy to shrink 4.8% this year: EBRD bank
Russian economy likely to be shrunk by a far worse-than-expected 4.8 percent.
LONDON (AFP) - Russia s battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday.
The London-based European Bank for Reconstruction and Development sharply revised its September prediction for a 0.2-percent contraction for the economy of key oil producer Russia in 2015.
