Russia's Economy Minister says GDP to shrink 2.5-2.8 percent in 2015: RIA

By

Russia's Economy Ministry expects gross domestic product to shrink by 2.5-2.8 percent in 2015, Economy Minister Alexei Ulyukayev said on Saturday, according to RIA news agency.

"This year as a whole we expect a 2.5-2.8 percent fall in GDP," RIA quoted him as saying during a visit to Voronezh.

The ministry officially forecasts that GDP will contract by 2.8 percent this year, but Ulyukayev had previously said the decline may be less than this.

Tags
GDP

© Reuters All rights reserved.

Join the Conversation

Real Time Analytics