According to the latest report of the International Monetary Fund (IMF), oil prices are falling. It's a setback to Russia.
The price of the "black stock" for the IMF is low, reports "Dialog.UA".
The average price decreased from 14.7% per barrel to $ 58.95 a barrel. Economic Resources Report released by the World Economic Outlook (IMF) Experts say that such a situation will continue for the next two years. This is a major blow to Russia. One fourth of energy resources exports.
The report of the World Market responded instantly. On Tuesday, January 22, the price of crude oil fell by 3% to $ 60.67 a barrel and WTI dropped 52.37 dollars.
The IMF has warned that Russia will have to face difficulties in the next two years. The Russian Federation's GDP growth will grow from 1.9 per cent to 1.6 per cent in 2019. By 2020 this would decrease from 1.8% to 1.7%. According to the forecast, the global economy will grow almost twice this year.
We will remind that, "Dialog.e" is an important 7 year period: reports that oil reserves are running rapidly in Russia.