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Cbank: Russias GDP to shrink 0.7% in JanuaryMarch

5000MOSCOW, Mar 16 (PRIME) -- Russias gross domestic product (GDP) will shrink 0.7% on the year in JanuaryMarch, the central bank said in a statement Monday, citing First Deputy Chairwoman Ksenia Yudayeva.

The GDP growth assessment the first quarter of 2015 in a model of short-term forecasting based on economic statistics for January stood at minus 0.7% year-on-year and it was strongly revised downwards, Yudayeva said.

The central bank will soon publish its economic research, she said.

I would like to draw your attention to the fact that the estimate of trend inflation in February stood at 10.4%, which is below the central banks key rate, but still much higher than the central banks inflation target, Yudayeva said.

End

16.03.2015 11:22
 
 
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