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Fitch forecasts inflation at 6% in Russia for 2017

Russia’s GDP growth is expected to equal 1.3% in 2017 and 2% in 2018

© AP Photo/Francisco Seco

MOSCOW, October 18. /TASS/. Fitch Ratings projects inflation at the level of 6% for 2017 and 5.5% for 2018 in Russia, according to the documents released by the agency.

The average annual exchange rate of the Russian currency will amount to 65 rubles per dollar in 2017 and 60 rubles per dollar in 2018, Fitch said.

Russia’s GDP growth is expected to equal 1.3% in 2017 and 2% in 2018. Consumer spending will increase by 2% in 2017 and 2.5% in 2018.

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