Enes
Moscow
Go to mobile

LATEST NEWS

All news

ARCHIVE NEWS

«    February 2018    »
MonTueWedThuFriSatSun
 1234
567891011
12131415161718
19202122232425
262728 

The Central Bank has provided a forecast on Russia’s GDP for the 1st quarter of 2016

logo russianconstruction.com
The Central Bank has provided a forecast on Russia’s GDP for the 1st quarter of 2016

The GDP of Russia will fall by 0.3% in the first quarter of the year according to the RF Central Bank’s forecast review, published on Tuesday under the title “Economics: facts, assessments, comments”.


The document states that an improvement in the dynamics of the annual growth rate of economic indicators has been caused by the calendar factor and the low base effect.

Nevertheless, the monthly dynamic of indicators demonstrates the continuation of an economic downturn. At the same time, the Russian economy’s reaction to the oil price decline at the beginning of 2016 has proved to be weaker than it was last year.

In general, the annual decline in GDP for the first quarter is estimated at a level of 1.7–2%, which is closer to the upper interval limit of the forecast in the March issue of the Central Bank’s review on monetary policy.

Related publications

PARTNERS

UP