The world Bank downgraded the dynamics of Russia’s GDP in 2016. The international organization expects the economy to contract by 1.9 per cent instead of 0.7 per cent projected earlier. This is stated in an April world Bank report. Also a more pessimistic forecast of growth of Russian economy in …
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The European Central Bank decreased the refinancing rate from the current 0.05 per cent to zero. About it reports The Guardian. Deposit rate, in turn, fell to minus 0.4 per cent, having gone even further in negative territory. In addition, the ECB decided to expand its quantitative easing program from …
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The average cost of North sea Brent crude oil in 2016 will be $34,28 per barrel. This forecast is contained in the monthly short-term forecast of the office for energy information the U.S. Department of energy (EIA). Thus, the forecast for Brent cost for the current year once again lowered …
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