53214
Russia Inflation Seen at 5.5%
World Economy

Russia Inflation Seen at 5.5%

Russian Economy Minister Alexei Ulyukaev said Tuesday that inflation was likely to be below the government’s target at 5.5% in 2016, according to Interfax news agency. “This is a record year for us,” he said. “I understand that by European standards 5.5% does not sound like low inflation, but for Russia this is the case.” Ulyukaev said the economy would grow next year by approximately 1%, in line with central bank and government predictions. Russia’s economy, buffeted by low oil prices and western sanctions, shrank 3.7% last year and is on track to shrink this year.

Short URL : https://goo.gl/BrQ9JT
  1. https://goo.gl/q5PmHf
  • https://goo.gl/u5YGOS
  • https://goo.gl/bm8zNh
  • https://goo.gl/HYrrN5
  • https://goo.gl/Cv13jp

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
BoK Hints at Rate Increase
Bank of Korea Gov. Lee Ju-yeol indicated Tuesday that the bank...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...
Mario Draghi
Mario Draghi promised that the European Central Bank will take...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus