8 Dec 2015 19:10

MinFin expects 1-1.5% Russian economic growth in 2016-2017

LONDON. Dec 8 (Interfax) - The Russian Finance Ministry expects that Russian GDP will start a growth trend in 2016-2017, and it could increase to 1-1.5%, Deputy Finance Minister Alexei Moiseyev told reporters.

"We are expecting a growth trajectory in 2016-2017 by 1-1.5% depending on oil prices. We are not implementing all reforms yet which are connected with increasing the economy's creditworthiness, and maybe we'll even get stuck in this trend," he said.

He also said that he considers it realistic to reach inflation goals of 4% in 2017 through the joint efforts of the Russian government and the Central Bank.