Russian Econ Ministry raises 2012 capital outflow forecast to $73-$75 bln
MOSCOW. Dec 10 (Interfax) - The Russian Economic Development Ministry has raised its 2012 capital outflow forecast from $60 billion-$65 billion to $73 billion-$75 billion, Deputy Economic Development Minister Andrei Klepach told reporters.
"It's now likely to be $73 billion-$75 billion. That's quite strong outflow," Klepach said.
The Central Bank expects $67 billion capital outflow in 2012. It adjusted the forecast early November, when it submitted its finalized monetary policy outline for 2012 and the period 2014-2015 to the State Duma. The CBR's previous forecast was $65 billion.
The CBR estimates capital outflow at $61 billion in January-October and $57.9 billion in January-September, including $13.6 billion in Q3, $9.7 billion in Q2 and $34.6 billion in Q1.
