Cbank affirms Russias GDP growth forecast for 2019 at 1.21.7% - News Archive - 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 affirms Russias GDP growth forecast for 2019 at 1.21.7%

MOSCOW, Apr 29 (PRIME) -- The central bank has affirmed its forecast for Russias gross domestic product (GDP) growth in 2019 at 1.21.7%, it said in a research note on Monday.

Our estimate of annual GDP growth has not changed from 1.01.5% in JanuaryMarch. In 2019, growth is still projected at 1.21.7%, the document read.

The regulator also said that economic activity indicators were generally in line with its expectations.

Fixed capital investment growth was close to zero, real wages have stopped rising in annual terms in FebruaryMarch first since 2016 due to a high base effect and temporary acceleration of inflation. In JulyDecember, real wages will increase 11.5% thanks to slowing down inflation.

End

29.04.2019 15:05
 
 
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