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Economic growth in Russia expected in 2017 - VTB CEO

January 24, 21:50 UTC+3 MOSCOW
According to the forecasts of the United Nations Department for Economic and Social Affairs, Russia’s GDP will demonstrate a 1.2% growth in the next two years
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MOSCOW, January 24. /TASS/. Economic growth in Russia may resume in 2017, CEO of one of Russia’s biggest banks, VTB, Andrei Kostin said on Sunday in an interview with the Rossiya-1 television channel after the World Economic Forum in Davos.

"We feel absolute support. All the businesses are on our side. We have been working for many years and our partnership has never been stopped. And we should be optimistic. The year 2016 will be uneasy. The year 2017, I think, will see economic growth," he said.

Russia’s economic growth in the past six months was slightly above zero. Negative growth rates on the fourth quarter 2015 are expected in the first quarter of 2016, Russian Deputy Finance Minister Maxim Oreshkin said earlier.

According to the forecasts of the United Nations Department for Economic and Social Affairs, Russia’s GDP will demonstrate a 1.2% growth in the next two years.

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