{"id":5267,"date":"2014-12-25T17:43:00","date_gmt":"2014-12-25T17:43:00","guid":{"rendered":"http:\/\/198.74.50.173\/2014\/12\/russia-debt-could-be-downgraded-to-junk.html"},"modified":"2017-04-07T03:46:59","modified_gmt":"2017-04-07T03:46:59","slug":"russia-debt-could-be-downgraded-to-junk","status":"publish","type":"post","link":"https:\/\/www.nextbigfuture.com\/2014\/12\/russia-debt-could-be-downgraded-to-junk.html","title":{"rendered":"Russia debt could be downgraded to junk in 90 days and the Economy will be very bad 2015 and 2016"},"content":{"rendered":"
S and P warned this week there was at least a 50 percent chance it would cut Russia’s sovereign rating below investment grade within 90 days.<\/a> Moody’s ratings agency warned this week that Russia’s GDP could contract by 5.5 percent in 2015 and 3 percent in 2016 due to weaker oil prices and the ruble’s slide.<\/p>\n Russia’s annual inflation was at 10.4 percent and could reach around 11 percent by the end of the month, surpassing the psychologically key 10 percent mark for the first time since the 2008\/09 global financial crisis.<\/p>\n Prices for some goods, such as beef and fish, have risen 40 to 50 percent in recent months after Russia slapped an import ban on certain Western food products in retaliation for European Union and U.S. sanctions over Ukraine.<\/p>\n