(task) World Bank expects Russia's economy to contract by -2.9 pct in 2015 | Reuters

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Russia, economy

> http://www.reuters.com/article/2015/01/14/russia-economy-worldbank-idUSL6N0UT08G20150114 <http://www.reuters.com/article/2015/01/14/russia-economy-worldbank-idUSL6N0UT08G20150114>
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> World Bank expects Russia's economy to contract by -2.9 pct in 2015
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> MOSCOW Wed Jan 14, 2015 12:46am EST
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> Jan 14 (Reuters) - The World Bank expects Russia's economy <http://bit.ly/1stXo9F> to contract by 2.9 percent in 2015, it said in a report on global economic growth on Wednesday, cutting its forecast from December when it expected a 0.7 percent contraction.
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> The bank also predicted 0.1 percent growth in 2016 and 1.1 percent growth in 2017, following 0.7 percent growth in 2014.
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> It cut its global growth forecast for 2015 and next year due to poor economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. (Reporting By Jason Bush <http://blogs.reuters.com/search/journalist.php?edition=us&n=jason.bush&>, editing by Elizabeth Piper)