Cbank: Russias GDP to shrink 0.7% in JanuaryMarch - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

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.


16.03.2015 11:22
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 89.3304 +0.0758 19 jan
USD 73.9735 +0.4282 19 jan
Stock Market Indices
1D 1W 1M 1Y
rtsi 1405.14 -1.38 17:14 05 jan
micex 3343.42 -0.21 17:14 05 jan
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 212.52 -0.09 16:58 05 jan
lkoh 5245.00 +0.62 16:58 05 jan
rosn 439.20 +0.73 16:58 05 jan
sber 272.07 +0.03 16:57 05 jan
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 91.2400 +1.0475 14:59 30 dec
USDTD 74.7675 +1.1025 17:44 30 dec