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Independent pollster Levada-Center said in March that 65% of Russians would like to see Mr.
Putin taking the president's seat for the fourth time in 2018, while the share of those who approve of Mr. The state coffers will also feel the brunt from low oil prices and Western sanctions that have effectively cut off Russian borrowers from global capital markets.
That is the highest number of people living below the poverty line--those with incomes of less than 9,452 rubles (8) a month in late 2015--since 2006, Russia's official data showed last month.
The fall in living standards, however, appears to have done little to dent the popularity of Russian President Vladimir Putin.
MOSCOW--The number of Russians living below the poverty line will grow at its fastest pace in more than 17 years in 2016 as the oil-dependent economy contracts further, the World Bank said Wednesday.
The World Bank revised its economic forecasts and now expects Russia to spend rainy-day savings as its return to economic growth will take longer than previously thought.
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Last year, 19.2 million people in Russia, or 13.4% of the population were living in poverty, compared with 16.1 million people, or 11.2% of the population, in 2014.To plug in holes in the budget, Russia would deplete its reserve fund, which stood at .6 billion in early April, and would need to somehow increase borrowing, the World Bank said.But even if Moscow spends its rainy-day fund by the end of the year, the budget deficit will be higher than the 3% of GDP, the ceiling ordered by Mr. Even in the best-case scenario, the deficit could rise to 3.9% of GDP in 2016, the World Bank said.Echoing Moscow's official forecasts, the World Bank also predicts that the overall economic pattern will somewhat improve next year.In 2017, the economy has the chance to return to growth and expand by 1.1% should oil prices recover and average a barrel, according to the international financial institution.
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Gross domestic product will shrink by 1.9% in 2016 if oil prices average $37 a barrel, according to the World Bank's new base scenario.