Central bank says Russian economy grows 1.5% in 2017 - 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

Central bank says Russian economy grows 1.5% in 2017

MOSCOW, Feb 16 (PRIME) -- The Russian economy grew 1.5% in 2017 confirming that recession is over, the central banks research and forecasting department said in a report on Friday.

The Russian economy grew 1.5% in 2017, finally confirming exit from recession, the report said.

Russias gross domestic product (GDP) growth slowed to 1.2% in OctoberDecember 2017 from 1.8% in JulySeptember, the central bank said, explaining the dynamics by positive external and internal factors in the first half of 2017 and negative factors in the second half of the year.

The central bank also estimated annual inflation adjusted for the influence of the rubles strengthening at around 3% in January.

Risks for stability of Russian financial markets fell in early 2018 amid a resumption of growth at global markets, higher oil prices, and the rubles appreciation, researches said.

The attractiveness of Russian debt instruments can decrease soon, the central bank also said.

The regulator also projects that the number of unemployed people will fall by 300,000 people to 3.6 million people over the next two years, which will help to accelerate growth of wages.


16.02.2018 12:21
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.9654 +0.0023 22 may
USD 64.5372 +0.0484 22 may
Stock Market Indices
1D 1W 1M 1Y
rtsi 1279.12 +1.82 18:50 21 may
micex 2616.53 +1.75 18:50 21 may
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 207.80 +3.49 18:49 21 may
lkoh 5300.00 +2.46 18:49 21 may
rosn 415.95 +1.90 18:47 21 may
sber 232.71 +2.97 18:49 21 may
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9225 -0.0725 14:59 21 may
USDTD 64.4375 -0.3225 17:44 21 may