Russian growth speeds up

China Daily (Hong Kong) - - BUSINESS -

Rus­sia’s econ­omy growth ac­cel­er­ated in the sec­ond quar­ter of 2017 and GDP growth is likely to ex­ceed 2 per­cent for the en­tire full year, its Min­istry of Eco­nomic De­vel­op­ment said. “Russian GDP, ac­cord­ing to our es­ti­mates, grew in the sec­ond quar­ter by ap­prox­i­mately 2.7 per­cent year-on-year. We es­ti­mate the eco­nomic growth in the first half of the year at 1.6 per­cent,” Eco­nomic De­vel­op­ment Min­is­ter Maxim Oreshkin was cited by Sput­nik news agency as say­ing. “Based on the en­cour­ag­ing per­for­mance of the past quar­ter, the min­istry’s pre­vi­ous two-per­cent fore­cast for eco­nomic growth this year now seems a lit­tle con­ser­va­tive,” Oreshkin said.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.