The European Bank for Reconstruction and Development (EBRD) has forecast that the growth of the Russian economy in the current year will be 3.5%, which is higher than previously forecast by the bank. Thus, in the previous survey from October 2012, experts predicted an increase of Russia's GDP in 2012 by 3.2%, and in the following 2013 by 3.3%.
EBRD experts note that Russian economy was rather vulnerable to the eurozone crisis, but it also states that in 2012 export levels remained stable, capital flight after the presidential election decreased considerably and lending increased.
