Business & Finance
Russian economy ministry lowers 2021 GDP growth forecast to 2.9%
- The ministry has also reduced its forecast for 2022 to 3.2% from 3.4%, the source said.
MOSCOW: The Russian economy ministry has lowered its forecast for economic growth this year to 2.9% from 3.3%, a source familiar with the matter said on Thursday.
The ministry has also reduced its forecast for 2022 to 3.2% from 3.4%, the source said.
The ministry raised forecast for Urals oil price to $60.3 per barrel this year from earlier expected $45.3 per barrel, while seeing key rate at 5% or lower by year-end and inflation at 4.3%, the source said.
The ministry declined to comment.
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