The World Economic Outlook annual report of the IMF reduced forecasts of Russian economic development from 0.3% to 0.1% in 2012-2013 to 3.7% and 3.8%, compared with July. The Russian Ministry for Economic Development forecasted 3.5% and 3.7% respectively. The Russian budget will have a surplus of 0.5% in 2012 and 0.2% in 2013. Forecasts in July were 0.1% and 0.7% respectively, RIA Novosti reports.
Russian state debt will total 11% of the GDP in 2012 (11.5% of the GDP forecasted in July) and 9.9% in 2013 (11.3% of the GDP). China will have the state debt at 22.2% of the GDP in 2012, India 67.6% of the GDP, Brazil 64.1% of the GDP, South Africa 41.2% of the GDP.
CIS economic growth rate will total 4% in 2012 (0.1% forecasted in July) and 4.1% in 2013. The GDP of Central and Eastern Europe will increase by 2% in 2012 and 2.6% in 2013.
Russian and CIS economic growth rate for 2012 was reduced from 3.5% to 3.3% expected in July, from 3.9% to 3.6% in 2013. The IMF expects economic growth rate of advanced states to total 1.3% in 2012, 1.5% in 2013. The forecasts dropped by 0.1% for 2012 and 0.3% for 2013.
