The growth of Russia's GDP in the first quarter has reached 0.2-0.4%, and without taking into account a calendar factor is close to 1%.
This is stated in “The Ecomony” information and analytical commentary of the Bank of Russia published today. It stresses that the Russian GDP growth was secured by an increased investment activity, higher exports and recovery of inventories.
A revision of the current estimate of the annual GDP’s growth rate, compared with the forecast in the March edition of the report (0,4–0,7%), is due to the clarification of a comparative base in connection with the updating of the quarterly data on GDP for 2014-2016 by the Russian Federal Service of State Statistics (Rosstat).
