World Bank predicts low Russian growth

RUSSIA / FSU POLITICS - In Brief 07 Dec 2018 by Alex Teddy
The World Bank issued a forecast predicting Russian growth of only up to 1.5% on average until 2028. This is a far cry from the Russian Government's objective. President Putin decreed that Russia should become a top five economy by 2024. In order to achieve this Russia would have to grow at 4.4.% every year.Low productivity is one of the problems identified in the report. At least the report praises Russia for pension reform which it says will add 0.3% to growth annually.

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