RUSSIA: WORLD BANK WARNS ON RUSSIA'S GROWTH RATE.(without a significant increase in capital investment, Russia's growth rate will remain in the 1% to 2% range)(Brief Article)(Statistical Data Included)

IPR Strategic Business Information Database, June, 2002

The World Bank (WB) has warned that without a significant increase in capital investment, Russia's growth rate will remain in the 1% to 2% range. The World Bank has released its third quarterly assessment of the Russian economy, and it has outlined four basic factors by which to measure future gross domestic product (GDP) growth until 2010.

The bank stated that the two major factors that will determine how the economy develops are the price of oil and how well the government implements its reform program, according to the Moscow Times. Based on these factors, the World Bank expects an average growth rate of 1.5% in its most pessimistic scenario and 5.2% in its most optimistic. The bank added that another factor that will help to determine how well the Russian...

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