Ministry of Economic Development expects Russia to do worse in 2015

 

Ministry of Economic Development expects Russia to do worse in 2015The Economic Development Ministry has submitted a revised macroeconomic outlook for 2015 to the government based on the price of $ 50 per barrel. It has significantly degraded the majority of its indicators.Russia’s inflation may hit about 12% in 2015, Alexei Ulyukayev said on Saturday. Russia’s inflation will rise to an annual rate of 13.1% in January, he said, referring to the ministry’s estimates, Itar Tass reports. At the same time, monthly inflation in January will exceed 2%, he added.The Economic Development Ministry’s previous forecast published in December predicted inflation at 7.5% in 2015. 

The Economic Development Ministry has submitted a revised macroeconomic outlook for 2015 to the government based on the price of $ 50 per barrel. It has significantly degraded the majority of its indicators.
Russia’s inflation may hit about 12% in 2015, Alexei Ulyukayev said on Saturday. Russia’s inflation will rise to an annual rate of 13.1% in January, he said, referring to the ministry’s estimates, Itar Tass reports. At the same time, monthly inflation in January will exceed 2%, he added.The Economic Development Ministry’s previous forecast published in December predicted inflation at 7.5% in 2015.