Minister: Russia’s GDP growth may top 2% in 2017

MOSCOW, Oct 24 (PRIME) -- Russia’s gross domestic product (GDP) growth may overshoot 2% in 2017, Economic Development Minister Maxim Oreshkin said at a forum on Tuesday.

“At the beginning of this year I said that GDP would grow by at least 2%, everyone laughed, no one could believe it, they said it is overly optimistic. In fact, we have a 2.5% growth in April-June and a 2.2% rise in July-September. We can reach the 2% and even more by the end of the year,” he said.

Oreshkin also said that he expects Russia to improve its position in the World Bank’s Doing Business rating from the 40th position it had in 2016.

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