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Russia may not reach 0.5% GDP growth target 2014 — Audit Chamber

September 29, 2014, 14:27 UTC+3 MOSCOW
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MOSCOW, September 29 /ITAR-TASS/. Russia runs risks of not reaching a 0.5% growth target for gross domestic product (GDP) in 2014, the Audit Chamber said in a report on Monday.

“A real-time analysis of the economic situation in January-August of the current year signals that there are risks that the compliance with the 0.5% GDP increase target in 2014 will be undermined due to a low dynamics of economic growth that we saw in the mentioned period, falling investment demand, decrease in growth pace of consumer demand, and due to worsening conditions for borrowing on foreign financial markets,” according to the report.

Inflation may reach 0.6% in September and 6.2% in January-September, the chamber said.

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