View full page at energyexch.com

 

Russian economy ministry lowers 2020 inflation, GDP growth forecasts

From reuters.com

The Russian economy ministry has revised a set of key economic forecasts, lowering its economic growth and inflation projections for 2020, the ministry’s data showed on Monday. The revision came hours after President Vladimir Putin described Russia’s economic growth as insufficient, telling the head of the central bank and top government officials to come up with ways to boost growth in real incomes. The economy ministry kept is 2019 gross domestic product growth forecast at 1.3% but lowered its 2020 forecast to 1.7% growth from 2.0%. Less than two weeks before the central bank’s rate-setting meeting, the ministry ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis