Muslims worldwide celebrate Eid al-FitrSociety & Culture June 25, 5:18
Mexico knocks out Russia from FIFA Confederations Cup with 2-1 win in KazanSport June 24, 19:59
Putin visits Crimean youth camp ArtekSociety & Culture June 24, 19:42
Conflict around Qatar should be settled by diplomatic means - source at Foreign MinistryRussian Politics & Diplomacy June 24, 16:44
More than 237,000 fans attend Confederations Cup matches already - Deputy PM MutkoSport June 24, 15:03
Sistema's president hopes for dialogue with Rosneft on settlement agreementBusiness & Economy June 24, 14:56
CNN deletes article about meeting between Scaramucci and Russian Direct Investment FundWorld June 24, 13:12
Ukrainian Army units shell Donetsk Republic in first hours of newceasefireWorld June 24, 5:19
Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
VLADIVOSTOK, September 2. /TASS/. The Russian Ministry of Economic Development in the updated forecast of socio-economic development of Russia lowered the forecast for GDP dynamics in 2016 from -0.2% to -0.6%, Economic Development Minister Alexey Ulyukayev told journalists on Friday.
"We lowered the forecast to -0.5% - -0.6%," Ulyukayev said.
It was reported earlier that the Economic Development Ministry worsened the forecast for 2016, reporting that the GDP decline would reach 0.6% (instead of 0.2%), while economic growth would deteriorate in comparison with April’s forecast. However, a higher oil price in the "base plus" scenario would increase GDP growth.
According to Vedomosti newspaper, the "base plus" scenario includes an oil price of $50 per barrel for 2017 and $55 per barrel for 2018-2019, whereas the base scenario includes an oil price of $40 for 2017-2019.