The World Bank has lowered the forecast of Russia’s GDP growth this year to 3.5 percent from 3.8 percent forecast previously. In 2013, the expected growth of the Russian economy was lowered to 3.6 percent from 4.2 percent predicted previously, according to a World Bank report on the Russian economy. The World Bank forecast for Russia following the adjustment coincided with the forecast of the Russian authorities. As far as projections for 2013 are concerned, the forecast was pessimistic. In September, the Economic Development Ministry adjusted the official forecast for GDP growth in Russia in 2012 to 3.5 percent and in 2013 to 3.7 percent.