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The Central Bank Raised Its Expectations of Russias Economic Growth
27.09.2017 15:33
The Central Bank Raised Its Expectations of Russias Economic Growth

 The Central Bank has raised its expectations of Russia’s economic growth this year, the forecast for GDP growth in the medium term remains at the level of 1.5-2 percent.

      “Taking into account the positive dynamics of the second quarter, the GDP growth forecast for 2017 was raised to 1.7-2.2 percent” - the message said. Earlier the Central Bank expected the growth of the economy by 1.3-1.8 percent this year. Limitations for economic growth may be the shortage of production capacities, as well as the situation on the labor market with a possible shortage of qualified personnel, as Central Bank believes. “In the future the rate of GDP growth above 1.5-2 percent per year will be achievable under the conditions of structural changes” – the experts write.


Author: Anna Dorozhkina


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