Lavrov says Russia-Belarus relations developing in working modeRussian Politics & Diplomacy February 21, 21:48
Condolence book in memory of Churkin opened at Russia’s Permanent Mission to UNWorld February 21, 20:53
Ukrainian billionaire Dmitry Firtash detained in Vienna at Spain’s requestWorld February 21, 20:40
UN secretary-general offers Lavrov condolences on Churkin’s deathWorld February 21, 19:53
OPEC does not see problems regarding growth of Russian oil exportBusiness & Economy February 21, 19:46
Kremlin to bake 100,000 pancakes for MaslenitsaSociety & Culture February 21, 19:23
Production of Mercedes Benz cars to start in Russia in 2019Business & Economy February 21, 18:43
UN Security Council holds a minute of silence in memory of Russia’s deceased envoyWorld February 21, 18:30
Russia and US might launch joint operations against terrorists in Raqqa — ministerWorld February 21, 18:17
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.