Inflation in Russia: World Bank.

The World Bank maintains a forecast of inflation in Russia in 2009 at the level of 11-13%, while the balance of payments while maintaining stable oil prices above 50 dollars per barrel.

As the World Bank report on the economy of Russia, the sharp slowdown in domestic demand and the continuing shortage of credit could help reduce inflation.

The significant weakening of fiscal policy and, in particular, the use of the Reserve Fund may lead to excess liquidity in the economy and increase inflation. Current account balance will decrease significantly as compared to the year 2008, but remain within the 30-40 billion dollars (2,5-3% of GDP) in 2009 and 2010.

The outflow of capital, non-repayment of debt is likely to be moderate due to weakening of the uncertainty about the global economy and rising oil prices, experts believe the World Bank.