Date: 2 months ago   Category: Economy

The Bank of Russia has raised the forecast of GDP growth for 2020 - RIA Novosti, 9/14/2018


Building of the Central Bank of Russia. Archival photo
MOSCOW, 14 Sep — RIA Novosti. The Bank of Russia has raised the forecast of GDP growth of the Russian Federation for 2020 to 1,8-2,3%, the chairman of the Central Bank Elvira Nabiullina has reported during the press conference.© RIA Novosti / Natalya Seliverstova to Pass the Bank of Russia into an image bank has worsened the forecast for GDP growth in 2019 godurany the Central Bank predicted GDP growth in 2018-2020 at the level of 1,5-2%. "We have specified our medium-term forecast, having taken the stated structural and tax and budgetary measures and also change of external conditions in attention. Growth rates of GDP in 2019 are predicted in borders of 1,2-1,7%. By our estimates, increase in the VAT will exert only the small constraining impact on rates of economic growth, considering that additional tax income is planned to be used the same year for support of growth of economy. The forecast of rates of a gain of GDP in 2020 is raised to 1,8-2,3%" — Nabiullina has told. "In the next years economic growth can accelerate on condition of successful realization of structural measures" — she has added. The forecast of growth rates of GDP in 2018 remains at the level of 1,5-2%, the head of the Central Bank has noted. The Central Bank on Friday has raised a key interest rate on 0,25 percentage points, to 7,5% per annum.

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