Fitch cuts RussiaТs 2018 GDP growth forecast to 1.8% from 2% - All News - 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

Fitch cuts RussiaТs 2018 GDP growth forecast to 1.8% from 2%

MOSCOW, Jun 13 (PRIME) -- International rating agency Fitch has lowered its forecast for RussiaТs gross domestic product (GDP) growth in 2018 to 1.8% from 2%, the agency said on Wednesday.

The forecast for 2019 was lowered to 1.9% from 2%.

The agency believes that a positive effect from higher oil prices will be softened in the short-term by a reasonable fiscal policy and the finance ministryТs currency interference aimed at stability of the real currency rate.

Fitch maintained its forecast for RussiaТs inflation at 3.5% for 2018 and 4.5% for 2019.

The agency also expects that the central bankТs key rate will be cut to 6.75% by the end of this year from 7.25% currently.

End

13.06.2018 15:11
 
 
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