Merkel’s conservative CDU/CSU bloc has won the Bundestag electionsWorld September 25, 5:37
German Social Democrats interested in boosting ties with Moscow - Russian senatorRussian Politics & Diplomacy September 25, 2:42
US declaration on UN reform is not organization’s document - LavrovRussian Politics & Diplomacy September 24, 13:34
US not to strike on DPRK as it is aware Pyongyang has nuclear weapon - LavrovRussian Politics & Diplomacy September 24, 13:32
US forces assist Syrian opposition force in crossing IS positionsRussian Politics & Diplomacy September 24, 12:55
Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
MOSCOW, March 19. /TASS/. Russian Finance Ministry estimates the country’s GDP drop at the level of around 3%, Finance Minister Anton Siluanov said Thursday.
"How long will the situation with the economic recession last? We estimate the drop in the annual rate of economic growth at around 3%. In our view, investment demand is the only possible source of recovery," he said.
In its updated forecast, the Bank of Russia estimates GDP drop at 3.5-4%.
Annual inflation in Russia is at its peak, nevertheless by the end of 2015 - beginning of 2016 it will become single-digit, said Alexey Ulyukayev, Russia's Economic Development Minister.
"Together with our colleagues from the Central Bank we believe, that we have reached the annual inflation peak. By the end of 2015 - beginning of 2016 the inflation is highly expected to become single-digit. This gives the Cental Bank ground to continue reducing the key rate," he said.
Russian Finance Minister anton Siluanov is also optimistic. "We have good reasons to reach the planned inflation of 12.2% this year and even lower than that," the minister said, adding that it’s possible to reach inflation at the level of 11-12% in 2015 since of the current annual inflation rate of 16.7%, 11 percentage points are one-time factors.