“The Central Bank did not change the assessment of the development trajectory of the economy before the end of 2017

Moscow. 27 Oct. INTERFAX – the Russian economic Growth in the third quarter continued consistent with the forecast of Bank of Russia, said in a press release of the Central Bank according to the results of the Board of Directors on the key rate.

“Increased agricultural production, the positive dynamics in machine building, transportation, consumer durable goods,” said the Central Bank.

The Bank of Russia said that the recovery of consumption acquires stability. Consumer demand is supported by growth in real wages, helped by slowing inflation. Unemployment is at levels that do not affect inflation.
“Assessment by the Bank of Russia of the trajectory of economic development until the end of 2017 in the medium term has not changed”, – said the Central Bank.

In the baseline scenario of the Central Bank, the rate of growth of the Russian economy will slow down in 2018, and 1.0-1.5% against 1,7-2,2%, which the Central Bank forecasts this year. In the future, in 2019-2020, the pace of GDP growth will recover to 1.5-2%, which limited the growth potential of the Russian economy in the medium term in connection with the operation of structural factors.

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