Russia’s Central Bank Sees 2014 Economic Growth at 1.5%

Author: us-russia
Comments: 0
Category: News
Russia’s Central Bank Sees 2014 Economic Growth at 1.5%
Published 16-02-2014, 18:04
MOSCOW, February 14 (RIA Novosti) – The head of Russia’s central bank said Friday that she expects the economy to grow by 1.5 percent to 1.8 percent in 2014.

Elvira Nabiullina said growth is being curbed by weak consumer demand.

"Internal consumer demand will remain the basic factor driving economic growth this year, but it will be limited by a fall in income growth and slowing credit growth,” Nabiullina said.

Other official predictions have been more optimistic.

The Economic Development Ministry has warned of economic stagnation in Russia, but predicts that the country’s gross domestic product will expand by 2.5 percent this year.

Economic growth in Russia in 2013 was 1.3 percent, the lowest level since the 2009 recession and far below the growth levels recorded during Vladimir Putin’s first two terms as president.

 

RIA Novosti

Comments: 0
Category: News
Experts' Panel
Are the U.S. and Russia...
The Sunday, February 24 edition of Russian state television’s...
Are the U.S. and Russia...
Top
popular in the journal
Отношения между США и Украиной:...

Отношения между США и Украиной:...

Дмитрий Щугорев с экспертами обсудит отношения между США и Украиной. Гости студии: доцент РГГУ, эксперт РСМД Александр Гущин и президент Американского Университета в ...
Forget G-7, what we need is G-5

Forget G-7, what we need is G-5

Will Putin attend 2020 summit in the U.S.?
RUSSIAN FEDERATION SITREP 26...

RUSSIAN FEDERATION SITREP 26...

RUSSIA INC. Another must-read report from Awara on the Russian economy. Bottom line: "In a global recession, no country is safe, but Russia looks to have quite a ...
What We Still Do Not Know About...

What We Still Do Not Know About...

Vital questions about perhaps the worst alleged presidential scandal in US history remain unanswered.
Rapprochement with Russia?

Rapprochement with Russia?

Starting in July and running to the present day, there have been repeated calls from mainstream media, from leading statesmen and from diplomats, in the United States ...