Wednesday, February 1, 2017

Russian GDP. Better than expected – BFM.ru

Economy in 2016 could be reduced by 0.2%, says Rosstat statistics. Figure well true, experts say

Photo: Klaus Ohlenschlдger/DPA/TASS

the GDP Estimate for last year exceeded the expectations of experts. The Russian economy in 2016 could be reduced by 0.2%. This is the first data of Rosstat.

At the same time the Ministry of economy was waiting for a drop of 0.6%, the same forecast was given by analysts of “Interfax”, and minus half a percent predicted by the experts Bloomberg. How objective figure of 0.2%, and why the data was much better than expected?

Sergei hestanovSergei hestanov the adviser on macroeconomics General Director of the brokerage house “OTKRITIE broker”

Also Rosstat has revised the GDP estimate for 2015. According to the statistical service, the economy declined by 2.8%, even though the original assessment that Rosstat gave a year ago — minus 3.7 percent.

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