OECD raises Russia’s 2017 GDP growth forecast to 2%

MOSCOW, Sep 20 (PRIME) -- The Organization for Economic Cooperation and Development (OECD) has raised its forecast for Russia’s gross domestic product (GDP) real growth in 2017 to 2% from 1.4% expected earlier, OECD said on Wednesday.

The GDP growth forecast for 2018 was raised to 2.1% from 1.6%.

“Russia is rebounding from a recession with higher oil prices and lower interest rates providing a near-term boost to growth, which is projected at around 2% in 2017 and 2018,” OECD said.

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