Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

2013 Inflation Totals 6.5 Percent, GDP 1.4 Percent - Official Report
6.01.2014 10:23
2013 Inflation Totals 6.5 Percent, GDP 1.4 Percent - Official Report
Photo Credit:

Inflation in Russia proved higher than expected in 2013, says a report by the Russian Federal Statistics Service.

      According to it, the annual figure stands at 6.5 percent.

      Earlier in December 2013, the government reviewed its initial forecast of 6 percent to 6.2 percent.

      But while inflation is rising, GDP growth slowed down in 2013 to a mere 1.4 percent.

      The deceleration took the authorities by surprise. In June 2013, Alexey Ulyukayev replaced Andrey Belousov as Economic Development Minister, but has so far failed to kick-start the economy.

      According to the IMF, Russia’s prospects “have been dampened by a weak external environment, some acceleration of capital outflows and declining equity prices and subdued investment”.

      Industrial output has been flat within the past ten months, and the privatization campaign announced earlier by the Medvedev cabinet has stalled amid a bleak economic outlook and reluctance of state corporations’ management to share their revenues and power with foreign players.


Author: Mikhail Vesely

Tags: Russian economy inflation in Russia    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

education and training  Alexander Golovin  Installations  cosmos  Russian universities  Valery Koshlyakov   St. Petersburg  Russian Cinema  Painting  Fairs in Moscow  Russian rouble  Russian scientists  Sergei Kholodovskiy.  Vladimir Yankilevsky  Boris Nemtsov  migration in Russia  Russian Rock  Irkutsk Region  Russian tourism  Kirov Region  Russian Rock Music  Frida Kahlo  Exhibitions in Moscow  Kandinsky Prize  Kaliningrad  Eduard Gorokhovsky  May 1  International Chamber Opera Festival  Russian business  Russian science  Fairy-Tale Games   Ilmen Lake  Soviet Film Actresses  Ukraine crisis  Toll Roads  Russian economy  Moscow  Bashkiria  Diaghilev festival  Black Sea  Mercedes-Benz Fashion Week Russia  Russian football team  Kolomenskoye  Joseph Stalin  Russia Orthodox Church  Monuments in Russia  Sochi  Eggs  Tyumen  Republic of Khakassia 

Travel Blogs
Top Traveling Sites