Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
MOSCOW, March 27. /ITAR-TASS/. If capital outflow from Russia reaches $100 billion, GDP growth will be around 0.6%, Russian Minister of Economic Development Alexei Ulyukaev stated on Thursday.
He recalled that, according to the ministry’s estimates, capital outflow is estimated at $60 billion in the first quarter of 2014.
“If we take it as a single capital outflow wave, we will reach a moderate capital outflow volume at around $100 billion annually. In case of this scenario, the economic growth forecast is reduced to 0.6% of GDP,” he said.
In this case, investments will drop by 1.3%.
Ulyukaev noted that economic growth “will be less than 1%” in the first quarter. “This may result mainly from a pause in investment development of the country. Last February investments in core assets were minus 3.5%, minus 7% in January and minus 5% for the past two months,” the minister added.