Central Bank Analysts Expect Russian GPD Growth For 2018 To Be At 1.6-1.7%

Mohammad Ali (@ChaudhryMAli88) Published December 06, 2018 | 07:29 PM

Russia's gross domestic product (GPD) growth figure for 2018 is expected to stand at 1.6-1.7 percent, according to a bulletin published by the central bank's research and forecasting department on Thursday.

MOSCOW (UrduPoint News / Sputnik - 06th December, 2018) Russia's gross domestic product (GPD) growth figure for 2018 is expected to stand at 1.6-1.7 percent, according to a bulletin published by the central bank's research and forecasting department on Thursday.

"Judging by the leading indicators of economic activity, the gross domestic product will grow 1.6-1.

7 percentage points in 2018," the Bank of Russia's analysts said in the bulletin.

The bulletin does not necessarily reflect the opinion of the central bank, which said earlier that the economic growth would be between 1.5 and 2 percent.

The analysts also said the GDP growth in the first quarter of 2019 would slow down to 1 percent year-on-year after November's oil prices slumped to just over $55 a barrel.