28 Aug 2017 12:44

Russian GDP could grow 2%-3% in 2017 - Volodin

IZHEVSK. August 28. (Interfax) - Russia's State Duma hopes that the country's GDP may grow from 2% to 3% in 2017.

"The figures we have adopted plan for Russian GDP growth at plus 2%. We hope to possibly see that growth somewhat higher, somewhere from 2% to 3%," State Duma Speaker Vyacheslav Volodin said during a working visit to Udmurtia on Monday.

He noted that whereas before, the GDP forecast for 2017 was a decline of 0.6%, at the end of the spring session the State Duma adopted budget amendments for the current year with GDP growth planned at 2%.

Volodin called the Russian economy's emergence from stagnation as the "baseline figure."