MOSCOW, September 1. /TASS/. The economy is slowing down quicker than the government expected and the forecast for GDP growth this year may be reduced to 1.2%, a source familiar with the budget projections preparation progress told reporters.
"The economy gears down. While we expected the growth rate of 1.5% earlier, than GDP growth is 1.2% already now," the source said.
Russian Finance Minister Anton Siluanov said earlier that the national GDP will grow by at least 1.5% this year, according to the estimate of the Ministry of Economic Development.