Cbank expects Russias JulDec GDP to grow faster than in JanJun - 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 expects Russias JulDec GDP to grow faster than in JanJun

MOSCOW, Jun 17 (PRIME) -- Russias gross domestic product (GDP) will grow faster in JulyDecember than in JanuaryJune, Alexei Zabotkin, head of the central banks monetary policy department, told reporters on Monday.

Growth will be higher in the second half of the year than what we saw in the first half. We expect that to happen under our baseline forecast, he said.

On July 14, the regulator reduced its 2019 growth forecast to 11.5% from 1.21.7%. At the same time, the authority maintained its forecasts for 2020 and for 2021 at 1.82.3% and 23%, respectively.

The Economic Development Ministry said previously that Russias GDP increased 1.6% on the year in April but added only 0.8% in JanuaryApril.

End

17.06.2019 11:32
 
 
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