Bank of Russia has raised its forecast for GDP growth in 2017 to 1.7-2.2%,

15 September 2017, Friday

Bank of Russia has raised its forecast for GDP growth in 2017 to 1.7-2.2%, the regulator said. "In Q2, GDP growth exceeded the forecast figures. Economic growth was spurred by investment and consumer demand along with the recovery of production inventories." the press release said.

"In view of the positive trend set by Q2, the forecast for GDP growth in 2017 has been revised upwards to 1.7-2.2%," the regulator said.

"Further GDP growth above 1.5-2% a year is attainable if structural reforms are put in place," the regulator added.

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