Russian Econ Ministry thinks capital outflow may reach $120 bln in 2014 - Deputy Minister
MOSCOW. Sept 22 (Interfax) - The Russian Economic Development Ministry is forecasting capital outflow from Russia at $90-$120 billion in 2014, Deputy Economic Development Minister Alexei Vedev told journalists in Moscow on Monday.
"The forecast is $100 billion minus $10 billion, plus $20 billion; that is, between $90 billion and $120 billion," he said.
Commenting on GDP growth in 2014, Vedev said growth would be "0.5% and higher." In the third quarter, he said, GDP in annual terms would grow by around 0.2%, while the manufacturing industry would experience higher growth. Vedev added that the manufacturing industry could grow 2.6%-3% for the year.
Discussing inflation, Vedev said: "Compared with August [when inflation was 0.2%], there will probably be an acceleration [of inflationary] in September." He added that this was the result of increased food prices due to sanctions.
