Russian economy likely to grow marginally in 2016

The oil price volatility, the geo-political tensions and the Central bank of Russia's interventions remain as the concerns of economic insecurity for Russia. 

"We keep our 2016 GDP growth forecast unchanged at +0.5% y/y, as we expect the Brent price to recover 7% to USD59/bl in 2016 seeing downside risks for our forecast on extra slow monetary easing", says Danske Bank. 

2017 GDP is likely to expand on a lagging rate cut effect leading to recovery in fixed investments and the continuing strengthening of industrial production.