Goldman Sachs Group Inc investment bank reduced the forecast of Russian economy growth from 3% to 1% in 2014, because of the conflict in Ukraine, which could lead to reduction of investments and withdrawal of capital from Russia, reported Bloomberg.
“Economic activity in Russia will, probably, depend on the current political situation related to the latest events in Ukraine and Crimea,” reads Goldman Sachs review. According to the analysts of the Investment Bank, outflow of capital from Russia in quarter 1, 2014 will increase by 60% against the same period last year and total about $45 billion.
