Ulyukayev: Russia’s GDP growth resumed in 2016 – RBC

Quote.rbc.ru 16.03.2015 17:07

Russia’s GDP growth resumed in 2016 and will average 2.5-3% in 2016 -2018 years. This was stated by Minister of Economic Development Alexei Ulyukayev at a meeting with the Presidium of the faction “United Russia” in the State Duma, the press service of the Ministry.

According to him, the new macroeconomic forecast is calculated based on the preservation of the sanctions regime in the coming years.

“We believe that the sanctions regime will continue this year and most likely in the coming years”, – said the minister. He added that the updated forecast for 2015 is largely conservative, as the proceeds from the expected average oil price of $ 50 / bbl., While the consensus forecast of leading financial institutions implies an average price of about $ 60 / bbl .

So, according to the minister, if the prices are higher than forecast and amount to about $ 60, the decline in GDP may be smaller this year, and budget revenues, on the contrary, will be greater than about 1.1 trillion rubles . compared to the current baseline forecast.

According to Ulyukayev, the ruble today pereoslablen, but factors to strengthen it saved.

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