But oil exporters will continue to struggle, with Russia hit particularly hard by the declining price of crude. The World Bank expects Russia’s economy will contract by 2.9% in 2015.
The report predicts oil prices will remain low throughout 2015, forcing countries like Russia to rethink their economic models.
–
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.