Central Bank Downplays Govt GDP Hopes

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Central Bank Downplays Govt GDP Hopes

20.08.2013 16:00

Photo Credit: http://hronika.info

The Central Bank has cooled the ambitions of the Economic Development Ministry by issuing a conservative GDP forecast, says Vedomosti.

      According to the Bank of Russia, the national economy will grow by 2 percent only in 2013, not

      the 2.4 percent announced earlier by the government.

      The situation will improve in 2014, but it will be a slow recovery, says the bank's report.

Sources: http://www.vedomosti.ru

Author: Mikhail Vesely

Tags: Bank of Russia

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