Date: 9 months ago   Category: Economy

The Central Bank expects GDP growth of Russia in 2019 within 1,2-1,7% — Rambler News Service


Photo: Sergey of Mammoths/RIA Novosti the Bank of Russia expects GDP growth of Russia in 2019 within 1,2-1,7%, it is said in the statement of the regulator. The Central Bank notes that in 2019 the planned increase in the VAT can exert the small constraining impact on business activity — mainly at the beginning of a year. "The additional received budgetary funds in 2019 will be allocated for increase in the public expenditures, including investment character. As a result, according to the forecast of the Bank of Russia, the rate of a gain of GDP in 2019 will be in borders of 1,2-1,7%" — it is said in the statement. The Central Bank at the same time specifies that in the next years increase in growth rates of GDP of Russia in process of realization of the planned structural measures is possible. Earlier at the beginning of June of the Central Bank I predicted the annual rate of a gain of GDP at the level of 1,5 – 2% during the period from 2019 to 2021.

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