Russia's Central Bank to Amend GDP Growth Forecast

2014/09/05

MOSCOW, September 5 (RIA Novosti) - Russia's Central Bank will change its national GDP growth forecast slightly from the current 0.4 percent for 2014, the bank's First Deputy Governor Ksenia Yudaeva said Friday.


"Our forecast is rather sensible, and if it is to be corrected, [the adjustment] will not be significant," Yudaeva said during the International Banking Forum in Sochi.


The Deputy Governor said the risk of slower economic growth is structural, whereas "the risks do exist from the point of view of the inflation, and we have been reacting to them actively at the previous session."


Russia's Ministry of Economic Development decided at the end of August to leave its GDP growth forecast of 0.5 percent for this year unchanged.



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