Economic ministry sees investment rising higher than 2% in 2017

MOSCOW, Aug 28 (PRIME) -- The Economic Development Ministry expects investment growth to slow down in July–December but to be significantly higher than an earlier forecasted 2% overall in 2017, according to a monthly report for July released on Monday.

“According to the estimates of the Economic Development Ministry, the recovery of investment will continue at a more moderate pace in the second half of the year due to wearing off of a compensatory growth effect,” the ministry said.

“The Economic Development Ministry expects continuation of the positive investment dynamics in monthly terms in the second half of the year, but annual investment growth will fade somewhat due to the exhaustion of a low-base effect of the beginning of 2016. The annual investment dynamics can exceed a 2% forecast by the Economic Development Ministry for the year significantly, taking into account the successful first half.”

Russia’s fixed capital investment amounted to 5.7 trillion rubles, rising 4.8% on the year in January–June, the Federal State Statistics Service said.

(59.1476 rubles – U.S. $1)

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