Currency converter
^
All news
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Early 2019 to be challenging for Russian economy, says minister

December 24, 2018, 14:59 UTC+3

Maxim Oreshkin said those challenges will include the global situation, volatility on commodity markets, and declining demand for Russian export products

Share
1 pages in this article

MOSCOW, December 24. /TASS/. The beginning of 2019 will be a challenging period for the Russian economy because of external and internal factors, Minister of Economic Development Maxim Oreshkin said in an interview with Rossiya-24 TV channel on Monday.

"The beginning of 2019 will be the most challenging period for the economic dynamics. We have the whole range of factors converging now: this is the challenging global situation, volatility on commodity markets, and declining demand for Russian export products at large due to global economy’s slowdown. The VAT increase in Russia will take a portion of consumer demand in particular. The Central Bank’s policy for restriction of potential risks of inflation pressure growth in future will also influence in a restrictive way on economic dynamics and lending in early 2019," the minister said.

According to the latest data, corporate lending growth rates starts slowing down, which will also influence on economic dynamics in early 2019, Oreshkin said.

The second half of the year "will be more positive" and national GDP growth will be 1.3% in 2019, he added.

Show more
Share
In other media
ADVERTISEMENT
Partner News
ADVERTISEMENT