Lower growth forecast for Russia due to US sanctions
Russia's economy ministry will probably lower its forecast for 2018 growth to 1.8 percent from the previously expected 1.9 percent, the minister Maxim Oreshkin said on Wednesday.
- Country:
- Russian Federation
Russia's economy ministry will probably lower its forecast for 2018 growth to 1.8 percent from the previously expected 1.9 percent, the minister Maxim Oreshkin said on Wednesday.
Oreshkin said the rouble currency would be slightly weaker and capital outflow stronger in the next 12 months than previously expected due to new U.S. sanctions against Russia and the situation in emerging markets.
The ministry will raise its inflation forecast due to a poor grain crop and the rouble weakening, he added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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