Diplomat says UN may act as mediator at Astana talks between Damascus and oppositionRussian Politics & Diplomacy January 17, 21:31
Expert believes Brexit to bring UK closer to USWorld January 17, 20:29
Italian Foreign Ministry: It is necessary to assess conditions for returning to G8 formatWorld January 17, 20:04
Russia hopes ECHR will cancel its ruling on Dima Yakovlev Law — diplomatRussian Politics & Diplomacy January 17, 19:35
Preserving Moldova's neutrality impossible without partnership with Russia — presidentWorld January 17, 19:10
OPEC to monitor oil production, export — Saudi Arabian Energy MinisterBusiness & Economy January 17, 18:57
Group of Sukhoi-24M bombers to return from Syria soon — Defense MinistryMilitary & Defense January 17, 18:50
Russian reconciliation center reports over 1,130 Syrian settlements join ceasefireWorld January 17, 18:47
Over 5,000 Syrians get medical aid from Russian doctorsWorld January 17, 18:37
ST. PETERSBURG, June 16. /TASS/. The head of Sberbank German Gref said it is obvious that Russia will have a negative economic growth in 2016.
Talking to reporters at the St. Petersburg International Economic Forum he said: "the first quarter had a negative GDP growth trajectory. This is better than expected, but it is clear that this year will get a negative growth. Next year it is quite possible that we can have a slight growth."
Earlier CEO of one of Russia’s biggest banks, VTB, Andrei Kostin said that the economic growth in Russia will be zero in 2016 and may resume in 2017
According to the bank’s estimates, Russia’s GDP will demonstrate a 1.2% growth in 2017.
In the first quarter of 2016, Russia’s GDP in volume terms decreased by 1.2% year-on-year. According to the baseline scenario of the Central Bank, the economic decline in 2016 will amount to 0.3-0.7% and in 2017 the growth will be 1.1-1.4%.
The World Bank expects this year Russia's GDP to decline by 1.2% and to grow by 1.4% in 2017.