. Gave a forecast for GDP growth in the second half

© RIA Novosti / Maxim to Aminopherase in fotomancer of economic development of Russia Maxim Oreshkin. Archival photo. Gave a forecast for GDP growth in the second half© RIA Novosti / Maxim to Aminopherase the image Bank

The dynamics of the first quarter gives reason for the growth of the Russian economy by 2% by the end of this year, in the second half growth will exceed 2% in annual terms, said the head of the Ministry Maxim Oreshkin.

«The first quarter gives reason to expect growth of 2% for FY 2017. Our forecast has not changed and we don’t see reasons why it would have to change,» — said the Minister.

According to Rosstat, GDP growth in the first quarter of 2017 in annual terms amounted to 0.5%.

«However, adjusted for the calendar factor, the growth in the first quarter was 0.9-1% in annual terms,» — said the Minister.

«The base effect is good. We expect that with each subsequent quarter, the growth rate will be stronger. We are expecting a very good fall in economic dynamics,» — said Oreshkin.

«The second half will be more than 2%. It should be understood that the fourth quarter «weighs» much more than the first», he concluded.

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