Cbank says FIFA hosting to boost Russias 2018 GDP by 0.10.2 pp - 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 says FIFA hosting to boost Russias 2018 GDP by 0.10.2 pp

MOSCOW, Jun 29 (PRIME) -- Hosting of the FIFA 2018 World Cup can boost Russias gross domestic product (GDP) by 0.10.2 percentage points annually in AprilJune, the central bank said in a report published Friday.

The authority expects growth of the GDP to amount to 1.82.2% in AprilJune, to 1.11.6% in AprilSeptember and to 1.52.0% in 2018.

The authority also said that adjustment of the Federal State Statistics Service data on industrial output in 2016early 2018 will not require changes in the central banks monetary policy.

The Federal State Statistics Service has significantly revised upwards the industrial output data since 2016 till the beginning of 2018 mainly in investment goods and processing of raw materials, the central bank said.

The point forecast for the GDP in 2018 can rise in this context, however, it will most probably remain inside the forecasted range of 1.52%. The assessment of the economic activity impact on inflation dynamics in the forecasted range has not changed significantly.


29.06.2018 14:10
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