MOSCOW (Sputnik) – The Russian Finance Ministry has predicted the country’s gross domestic product to drop by 2.5 percent in 2015, Russian Finance Minister Anton Siluanov said Thursday.
“The Russian Foreign Ministry estimates the GDP will drop by 2.5 percent this year, reaching its peak in the third quarter, and by the end of the year the situation will improve,” Siluanov was quoted as saying on the ministry’s Twitter account.
19 March 2015, 07:52 GMT
The Russian Finance Ministry expects the country’s inflation rate for 2015 to be around 11 percent or lower, Anton Siluaonov was quoted as saying on the ministry’s Twitter account.
“We expect inflation to be around 11 percent for the year and the figures from last week show there is a tendency it may go lower,” the tweet reads.
Earlier this week, Russian Economic Development Minister Alexei Ulyukayev said that inflation for 2015 could dip below the official forecast of 11.9 percent.
