World Bank: The oily black hole could swallow Russian economy
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World Bank: The oily black hole could swallow Russian economy

Moscow : Russia | Oct 08, 2012 at 3:22 AM PDT
Source: Russia Today
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That's the sobering forecast from the World Bank, who also warn the overdependence on oil could bite even more. After outperforming other regions during the first 3 quarters of 2012 Russia's economy is now slowing down. It is expected to grow 3.5% this year, down from 4.3% in 2011, the World Bank forecasts.... FULL ARTICLE AT Russia Today
 
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