A recent rise in oil prices has lifted Russia's economic prospects but the economy remains headed for a sharp recession, a Reuters poll showed on Friday.
The poll of 15 analysts forecast that Russia's economy would contract by 3.3 percent this year, a less bearish prediction than in last month's poll, which foresaw a 4.1 percent decline.
Inflation was seen ending the year at 11.6 percent, again a slightly more optimistic prediction than a month ago, after reaching 16.4 percent in April.
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Analysts expected the central bank to keep cutting its key lending rate, by one percentage point to 11.5 percent at its next meeting on June 15 and by a further two points by year end.
The poll was published a day after the Economy Ministry updated its forecasts, predicting gross domestic product would contract by 2.8 percent in 2015.
The Reuters poll was also more bearish than the ministry when it came to 2016, predicting meager growth of 0.5 percent, below the official projection of a 2.3 percent expansion.
Bank of America Merrill Lynch economist Vladimir Osakovskiy said he had upgraded his 2015 growth outlook because the first quarter's 1.9 percent decline in GDP was smaller than expected.