Russia’s Economic Growth Expected to Reach 1.8-2% in 2017

Russia’s economic growth in 2017 is expected to stand at 1.8 to two percent, Russian Finance Minister Anton Siluanov said on Sunday.

“This year, we expect an economic growth of 1.8%-2%,” he said in an interview with the Rossiya-24 television channel.

In mid-December, Russia’s Central Bank forecasted the country’s economic growth in 2017 at 1.7-2.2%. The Bank’s governor, Elvira Nabiullina, said back that that the forecast leaned “to the lower threshold.” In 2018, Russia’s economic growth, as predicted by the Central Bank, will be in a range from 1.5 to 2%