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The Russian Economy Will Grow By 1.1 Percent
16.07.2017 00:31
The Russian Economy Will Grow By 1.1 Percent

The Russian economy will grow by 1.1 percent, according to the results of 2017. This was stated by Vladimir Osakovskii, the Chief Economist for Russia of the Bank of America Merrill Lynch. “1.1 percent is our basic forecast. Of course, it would be good to have a faster economic growth. But, on the other hand, there is such a notion as potential growth. That is, the rate at which you can grow without causing inflation phenomena. That means natural growth” - he noted.

      According to his assessment, the potential level of GDP increase for Russia is within one percent nowadays.


Author: Anna Dorozhkina


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