Cbank sees Russias GDP rising 1.11.6% in AprJun, JulSep - 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 sees Russias GDP rising 1.11.6% in AprJun, JulSep

MOSCOW, Jun 15 (PRIME) -- Russias gross domestic product (GDP) is expected to grow 1.11.6% in AprilJune and JulySeptember, the central bank said in its report on monetary policy on Friday.

Under the basic forecast, in the second and third quarters GDP growth to the previous quarter will amount to 0.20.6% including seasonal and calendar factors. Taking into account last years base effect, annual growth of GDP in the second and third quarters is expected at 1.11.6%, the report said.

The regulator expects that annual inflation will pass minimum figures in the second quarter and switch to acceleration from the third quarter.

Its annual pace in the third and fourth quarters of 2018 is expected at 3.03.5% and 3.54.0%, respectively, the central bank said.

The central bank also raised its forecast for retail lending growth in 2018 to 1318% from 1113% and lowered the forecast for 2019 to 1013% from 1114%.

The regulator improved its outlook for growth of lending to the economy this year to 911% from 79% and worsened the forecast for 2019 to 69% from 811% and for 2020 to 610% from 710%.

The central bank also raised the optimistic forecast for oil prices in 20192020 to U.S. $70 per barrel from $65 per barrel.

The bank kept the average basic forecast for oil prices at $55 per barrel in 2019 and $50 per barrel in 2020.

End

15.06.2018 19:57
 
 
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