Russia’s ministry of economic development will probably lower its forecast for 2018 growth to 1.8% from the previously expected 1.9%, the minister Maxim Oreshkin said.
He noted that the ruble currency would be slightly weaker and capital outflow stronger in the next 12 months than previously expected due to new U.S. sanctions against Russia and the situation in emerging markets, Reuters reported.
Oreshkin added that the ministry will raise its inflation forecast due to a poor grain crop and the ruble weakening.
