All countries observe oil output cuts agreement — Russian energy ministerBusiness & Economy January 22, 16:59
Rogozin calls "dangerous incident" UK botched missile launchRussian Politics & Diplomacy January 22, 16:32
Medvedev calls United Russia ruling party, president's main resourceRussian Politics & Diplomacy January 22, 16:27
Mutko calls silly information Infantino asks him not to run for RFU headSport January 22, 16:24
Seven parties to participate in Syrian talksWorld January 22, 9:54
Russia’s Pavlyuchenkova reaches Australian Open quarterfinalsSport January 22, 7:19
IBU Executive Board finds no grouns to suspend Russia's biathlon teamSport January 21, 22:53
Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
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.