Spanish police confirm four terrorists shot dead in CambrilsWorld August 18, 5:56
Russian nuclear submarine successfully test fires Kalibr cruise missileMilitary & Defense August 18, 5:40
Citizens of 18 countries suffered in Barcelona terror attackWorld August 18, 3:07
Russian cosmonauts successfully complete spacewalkScience & Space August 18, 2:37
Reuters: At least 100 people injured in Barcelona terror attackWorld August 18, 0:57
Krasnodar FC beats Crvena Zvezda 3:2 in Europa League play-off first leg matchSport August 17, 22:45
Putin offers condolences to King of Spain over Barcelona attackRussian Politics & Diplomacy August 17, 22:37
Russia condemns terror attack in BarcelonaRussian Politics & Diplomacy August 17, 21:32
Russian lawmaker calls on Europe to join efforts in war on terrorRussian Politics & Diplomacy August 17, 21:03
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.