“It is expected that growth will slow down to 2.5% this year amid weaker than expected indicators for trade and investment,” RIA Novosti reports.
In addition, the World Bank lowered its growth forecasts for the economies of the United States, European Union and China.
Compared to the June forecast, analysts reduced US economic growth to 2.3% from 2.5%. The growth of economic indicators in the eurozone will slow down by 0.1% from 1.2%.
According to World Bank forecasts, China's economic growth has been reduced by 0.1% from 6.2%.
It was previously reported that the World Bank predicts a slowdown in Russia's economy to 1% from 1.2% in 2019.