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3 months ago
Russia c.bank sees Q2 GDP up around 1 pct y/y
May 31, 2017 / 2:13 PM / 3 months ago

Russia c.bank sees Q2 GDP up around 1 pct y/y

MOSCOW, May 31 (Reuters) - Russia's central bank said on Wednesday it expected second-quarter gross domestic product growth of around 1 percent year on year, following growth of 0.5 percent year on year in the first quarter.

The bank said in a statement that growth in the second quarter would be supported by a favourable external backdrop and a pickup in consumer and investment demand. (Reporting by Elena Fabrichnaya and Alexander Winning; editing by Maria Kiselyova)

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