January 21, 2016, 07:59 | Crisis | exchange rate | Inflation
Inflation in Russia this year will be 10.5% in 2017 decreased to 7.1%. This is stated in the report of the Department of Economic and Social Affairs (DESA) of the United Nations.
According to Tass, according to experts, the inflation rate for last year was 15.9%. It is noted that the negative impact on the economic situation in the country had a drop in oil prices, as well as international sanctions.
Regarding the GDP growth of the United Nations, analysts believe that its level in 2016-2017 will change from zero to 1.2%. In addition, the experts noted a 50 percent drop in the value of the Russian currency since the beginning of 2014 to October of last year.
Problems in the Russian economy, analysts DESA, raised a number of countries of the Commonwealth of Independent States (CIS), as they are “to a large extent depend on remittances from the Russian Federation.” Thus the creation of the Eurasian Economic Union (EAEC) is evaluated as a positive step, which “opens up new possibilities for increased trade and investment in the region».
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