Putin begins talks with visiting Philippine leaderRussian Politics & Diplomacy May 24, 0:15
Mechanism of alerting on cyberattacks practically never used by US — spokespersonWorld May 23, 22:19
Putin praises work of Independent Public Anti-Doping CommissionSport May 23, 20:38
Russia needs expanding representation in global sports federations — ministerSport May 23, 20:21
Russian athletes must be trained for Olympics under certain geographic conditions — PutinSport May 23, 19:38
Final charges brought against Russian ex-economy minister UlyukayevBusiness & Economy May 23, 18:59
WADA delegation to visit Moscow this week to help with membership reinstatementSport May 23, 18:48
US President Donald Trump's first trip abroadWorld May 23, 18:41
Russian scientists master stimulating neurons with infrared irradiationScience & Space May 23, 18:37
LONDON, December 11, 22:53 /ITAR-TASS/. Russia’s GDP can grow by 2.5 percent in 2014, Minister of Economic Development Alexei Ulyukayev said at a press conference in London.
“We tend to update our forecast (for GDP). Our projection for next year is 3 percent, but we have sent a corrected version to the Finance Ministry and expect GDP to grow by 2.5 percent in 2014. This is not a critical difference, within the margin of error. I see no problem there. Such differences occur in institutes’ projections all the time,” Ulyukayev said.
He said inflation in Russia in 2013 would be 6.4-6.5 percent, which is above the projected level of 6 percent.
The problem is that “food makes up a very large portion of our consumer basket, and this affects the final figure,” he said, adding that the other components, such as services and non-food products, are less subject to sharp fluctuations.
“The Central Bank’s goal of 5 percent (next year) appears to be realistic. We can say with a high degree of probability that the target figure of 5 percent can be achieved,” the minister said.
With the current level of inflation, he believes it unlikely that the Central Bank will lower its interest rate.