The World Bank downgraded the forecast for the Russian economy in 2016

The World Bank published a report on December 18, in which the deterioration of the forecast of a drop in GDP of Russia in 2016.
The forecast drop in GDP increased from 0.1% to 0.7%. This is due to the fall in world oil prices.
"The revised outlook is largely due to the recent decline of oil prices, because of what is expected to continue pressure on the ruble and slow down the decline in inflation in 2016. Increased risk of inflation may force the Central Bank of Russia to waive the resumption of monetary policy easing, "- said World Bank Lead Economist for Russia Birgit Hunsley.
In 2017, the World Bank forecasts economic growth at 1.3% while maintaining sanctions, low oil prices and political uncertainty, reports "to Lenta.ru".