• The Ministry will take into account the leap year factor in the assessment of GDP growth

  • The Ministry expects growth of Russia's GDP in the first quarter of 2017 (compared to the same period last year and adjusted for leap year) at the level of 0.4 percent. Reports Rambler News Service, said the head of the Ministry Maxim Oreshkin during the Krasnoyarsk economic forum.

    He recalled that, in General, for the current year, economic growth should reach two per cent compared with two per cent decrease last year.

    A day earlier, Finance Minister Anton Siluanov warned that without structural reforms, the Russian economy will grow a maximum of 1.5 percent a year. Ensuring growth is not below the global average of 3-3. 5 percent a year, the Minister described as "ambitious" government. In the analytical review of Sberbank CIB Russian economy in 2017 predicted low growth, and in the first six months of stagnation.

    Under the baseline scenario, economic development, economic growth in 2017 is expected to reach two percent and 1.5 percent in 2018-2020. The target option domestic GDP in 2018 will increase by 1.7 percent, in 2019 — 2.5%, in 2020-m — 3.1 percent.


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