Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


Economic Development Ministry Gives Economic Growth Forecasts
October 26, 2016 15:13


(Source: http://vesti-ua.net/novosti/ekonomika)

Economic growth in Russia will be slow in 2017 after overcoming the recession - an average of 2 percent per year. This is about 1.5 times lower than the world rates and the country will be closer to the poorest nations of the world in its performance indicators.

This was reported by the “Vedomosti” newspaper on Thursday, October 20, with a reference to the long-term forecast of social and economic development until 2035 which was sent to the Finance Ministry by the Economic Development Ministry in order to create budget plans.

The most optimistic variant of development - the agency calls it “basic plus” - suggests slow growth in incomes. They will reach the level of 2013 only in 2021, as the newspaper notes. Oil prices will continue to grow slowly, and in 2020 the price per barrel will make up 57 dollars, and in 2030 -  70 dollars. No one in the Ministry expects any sharp fall in quotations on the hydrocarbon market. The basic conservative forecast is based on preserving of oil prices at the level of $ 40 per barrel, even though the Ministry of Economic Development considers this option unrealistic.

Nevertheless, the federal budget is calculated on this basis.  The agency experts assume that in case of the conservative scenario the GDP growth rate will not exceed 1.8 percent. The third variant of development – “scenario with reforms” - also involves the preservation of quotations around $ 40, but expects growth in work performance and the pace of investment. The improvement in the business climate and support of non-resource exports should result in growth of companies revenues by reductions of costs, as the experts believe.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags:      

Next Previous

You might also find interesting:

Belarus Helps the Victims Of Flood In Priamurye Russia May Be Accepted Back To the G8 Russia resumes its naval presence in the world oceans Syria Ceasefire Agreement One-year Ban On Imports Of Foodstuff May Be Revised









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Amur Region  tours to Russia  Museums of Izhevsk  airport transfer in Russia  St. Petersburg  New Year  Ministry of Agriculture  music  education  Laboratory Studies  Joseph Stalin  Izhevsk  Russian courts  Russian tourism  Johnny Hallyday  New Year celebrations  Afisha Picnic  Moscow Zoo  Tamara Miansarova  Kinoshock  Events in Moscow  The Great Ball Exhibition  Festivals in Moscow  Contact Group  Rosa Khutor  Ramadan  Mercedes-Benz Fashion Week Russia  Russian trade  Exhibitions in Moscow  Buckwheat   Russian Animation  Silver Camera  Russian space exploration  Live Systems Museum  travel to Russia  Sergey Volkov  cars in Russia  Moscow  Leo Tolstoy  YUVT Aero  Book Tickets for Ballet  Russian business  City Hunter  South Stream  Russian Cinema  Open Data Portal  Russian regions  Alexander Nevsky  State Museum of Local Studies  Russian Supreme Court 


Travel Blogs
Top Traveling Sites