Russia's advanced Sukhoi Su-35S fighter put into operationMilitary & Defense September 19, 14:42
Siberian researchers design key details for Large Hadron ColliderScience & Space September 19, 14:37
Saakashvili vows to take ‘people’s demands’ to Kiev's authorities on October 17World September 19, 13:57
Russia and Paraguay ink cooperation deal on peaceful uses of atomic energyBusiness & Economy September 19, 13:27
Western Military District refutes rumors of journalists hit at Zapad-2017 exerciseMilitary & Defense September 19, 13:05
Press review: Rosneft’s pipeline plans in Iraqi Kurdistan and defense spending cuts likelyPress Review September 19, 13:00
Russia meets all international commitments, including INF Treaty — KremlinRussian Politics & Diplomacy September 19, 12:55
Monument to inventor of world-renowned Kalashnikov rifle unveiled in MoscowSociety & Culture September 19, 12:49
US credit for Ukraine is Kiev-Washington bilateral affair — KremlinRussian Politics & Diplomacy September 19, 12:27
MOSCOW, May 22. /TASS/. International rating agency Moody's expects Russia’s GDP to grow annually by 1.5% in 2017 and 2018, the agency said in a press release.
"Moody's forecasts that real GDP growth will increase by 1.5% per year in 2017 and 2018, with private consumption and investment spending supported by gains in household real incomes and gradually easing monetary policy. Still, an ageing population is among the constraints expected to prevent Russia's potential growth from expanding in the absence of fundamental structural reforms," the press release said.
Moody’s expects that the general government deficit will narrow to 1.8% of GDP by 2018 from 3.7% of GDP in 2016, "driven mainly by a reduction of the deficit at the federal level, while other budgets, including the regions, should be broadly balanced."
Earlier, Economic Development Minister Maxim Oreshkin said that the growth of Russian GDP in the second half of the year may exceed 2% in annual terns. The IMF, in turn, assessed the growth prospects of the Russian economy at 1.5% per year.