Date: 3 months ago   Category: Economy

The European Commission expects acceleration of GDP growth of Russia in 2020 to 1,8% — Rambler News Service


Photo: Ilya of Pitalev/RIA Novosti European Commission expects that GDP growth of Russia in 2020 will accelerate up to 1,8%, follows from the spring forecast of the regulator. "Economic activity (Russian Federation. — RNS) has to be restored by the end of the horizon of forecasting — growth of real GDP will accelerate up to 1,8% in 2020 against the background of higher expenditure for infrastructure and positive, let and limited, the factors for potential growth caused by changes in the pension legislation" — it is said in the document. The European Commission has also kept the forecast for GDP growth of Russia in 2018 at the level of 1,7%, and in 2019 — at the level of 1,6%. The regulator in the spring forecast has improved expectations on rates of inflation in 2018 from 3,7% to 3%, however has worsened for 2019 — from 4% to 5%. In 2019 the European Commission predicts inflation in Russia at the level of 4%. Unemployment rate in 2018 is predicted at the level of 5,2%, in 2019 — 4,9%, as well as in the spring forecast. In 2020 the indicator is expected at the level of 4,6%.

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