Official sees investments' lowest point in October–March

MOSCOW, Aug 29 (PRIME) -- Russia's gross domestic product (GDP) decline will amount to less than 3%, inflation to 12–13%, and investment will fall by up to 2% in 2022, while the lowest investment point is yet to be seen in October–March, First Deputy Prime Minister Andrei Belousov said on Monday.

"In general, we expect the inflation level to range between 12% and 13% taking into account today's trends,” Belousov said.

“ This is, of course, much more positive and optimistic than what we used to expect two to three months ago."

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