Monday, June 22, 2009

Answer: With more recent data it is possible to revise our projections from the March 2009 Russian Economic Report. The World Bank in Russia revises its forecasts roughly once a quarter, and we are currently working on a new forecast that we are planning to present by the end of June (forecast for the period up to the end of 2009). We already know that economic and social situation in early 2009 was more difficult than it had been expected earlier. At the same time, there are some encouraging signs, including easing of the credit crunch at the global level and the rise in oil prices.

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