EBRD deteriorated the forecast for Russia's GDP to 1.5%
The European Bank for Reconstruction and Development is expected to grow from 1.7% to 1.5% in 2018.
As stated in the May report of the bank, the sanctions imposed by the United States, "increased the economic uncertainty of investors," and "investment activity remains sluggish, and oil prices are somewhat reduced," Kommersant writes.
The growth of Russia's GDP, according to experts, should be supported by the restoration of consumption and investment, as well as higher oil prices and macroeconomic stabilization. At the same time, the EBRD believes that without realizing significant changes to the modernization of the economy, GDP growth in the long run will remain at the level of about 1-2% per year.
You have a minor grammatical mistake in the following sentence:
It should be in the long run instead of in the long term.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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