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European Commission forecasts acceleration of economic growth in Russia

The growth can reach 1.7% in 2018

© Sergei Konkov/TASS

BRUSSELS, April 3. /TASS/. Russia’s economic growth can reach 1.7% in 2018 versus 1.5% in 2017, the European Commission (EC) reports on Thursday in the annual spring economic outlook.

"Going forward, the impact of higher oil prices recirculating throughout the economy is likely to further support domestic demand and thereby GDP which is expected to grow by 1.7% in 2018," the document says.

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FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

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