Russia Expects Growth in 2017
World Economy

Russia Expects Growth in 2017

Russia’s economy will enter the growth phase at the beginning of next year, Prime Minister Dmitry Medvedev said Saturday in an interview, Sputnik reported. “We assume that at the end of the year these negative trends, which have been developing in our economy over the past two-three years, will exhaust themselves owing to the measures taken by the government and the general improvement of the situation. And already at the beginning of next year, we will reach relatively small parameters of economic growth, that is to say the GDP growth,” Medvedev told Russia’s Channel One. The Russian economy suffered a setback in 2014, as the ruble lost about half of its value against the US dollar amid low global oil prices and western economic sanctions imposed against Russia over the Ukrainian crisis. GDP fell 3.7% in 2015, according to the Russian Federal Statistics Service Rosstat.


Short URL : https://goo.gl/ZKRgyj
  1. https://goo.gl/AdiAqv
  • https://goo.gl/Bq5puX
  • https://goo.gl/Fp0b4Z
  • https://goo.gl/LbjlgR
  • https://goo.gl/isK8M9

You can also read ...

President Emmanuel Macron (C) signs a set of executive orders making sweeping changes to France’s complex labor laws on Friday.
France’s private sector expanded the most since May 2011,...
Indonesia Cuts Key Rate
Indonesia’s central bank cut its main interest rate for the...
The People’s Bank of China
China’s small banks are struggling to raise funds through...
Italy Hikes Growth Forecast
Italy on Saturday raised its forecasts for economic growth...
ASEM Urges Free Trade
Economic leaders at the Asia-Europe meeting reached a broad...
Analysts say the outlook for Britain’s public finances had “weakened significantly” with Brexit likely to put further pressure  on the country’s economic strength.
Moody's cut Britain's long-term credit rating Friday, citing...
Portugal Budget Deficit Narrows
Portugal’s budget deficit narrowed to 1.4% of gross domestic...
Nigeria CB to Sanction Banks Hoarding Forex
The Central Bank of Nigeria said it is reviewing ways to...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.