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TABLE-Russia's 2017-2019 economic forecasts
October 12, 2016 / 4:03 PM / 9 months ago

TABLE-Russia's 2017-2019 economic forecasts

2 Min Read

MOSCOW, Oct 12 (Reuters) - The Russian government will meet on
Thursday to review 2017-2019 budget, taking into account a new set of
macroeconomic forecasts.
    Below are the base forecasts by the economy ministry. The
forecasts are used by the finance ministry in its budget planning.
 
                          2016        2017        2018        2019
  Average oil price       $41         $40         $40         $40
   (barrel of Urals                                        
       URL-E)                                            
 Average USD/RUB rate     67.5        67.5        68.7        71.1
                                                           
   Inflation (pct)        5.8         4.0         4.0         4.0
      GDP (pct)           -0.6        0.2         0.9         1.2
  Industrial output       0.4         1.1         1.7         2.1
        (pct)                                              
  Capital investment      -3.7        -0.5        1.2         2.0
        (pct)                                              
  Retail sales (pct)      -4.6        0.6         0.9         1.6
   Real disposable        -5.6        0.2         0.3         0.6
     income (pct)                                          
   Real wages (pct)       0.3         0.4         1.2         0.8
  Unemployment (pct)      5.9         5.9         5.8         5.7
   Current account      $32 bln     $30 bln     $25 bln     $25 bln
       surplus                                             
 Net capital outflow    $18 bln     $20 bln     $25 bln     $25 bln
 
 (Reporting by Darya Korsunskaya, writing by Andrey Ostroukh)

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