and 2004. It finds that EBRD forecasts are mostly unbiased and efficient, and that forecast accuracy has improved as …

in worse-than-expected outcomes at 2016 year-end. Unlike the forecast that we made in January, we have revised down our … downgraded their forecasts for Russia's economy growth rates, too. At the same time, if oil prices n 2017 stay at $40 a barrel …, then output is expected to stabilize or even edge up. In other words, it is highly likely that Russia's economy will move …