The Ministry expects the investment growth significantly above 2%

© RIA Novosti / Ramil to Setdiscoverable in photobacteria of economic development in Moscow. Archival photoThe Ministry expects the investment growth significantly above 2%© RIA Novosti / Ramil to Setdiscoverable the image Bank

The Ministry of economic development expects a slowdown in investment in Russia in the second half, but growth for the year may be significantly above the forecast 2%, said the economy in July, prepared by the Ministry.

«According to Ministry estimates, in the second half of the year recovery of investment will continue at a modest due to the exhaustion of the effect of compensatory growth», — stated in the message.

«The Ministry expects the preservation of positive dynamics of investments in terms of monthly increments in the following months, however, the annual investment growth rate will drop slightly due to the exhaustion of the low base effect, beginning of 2016. However, based on a successful first half of the year the volume of investments for the year can significantly exceed the current forecast of Ministry of economic development (2.0 per cent)», — noted in the Ministry.

According to Rosstat, the growth of investment in fixed capital of the Russian Federation in the first half of 2017 amounted to 4.8% in annual terms. In nominal terms the volume of investment in the first half amounted to 5.7 trillion rubles.

The official forecast of Ministry of economic development for 2017 assumes growth of investments in fixed capital by 2%. However, the head of the Ministry Maxim Oreshkin said the Outlook could be revised, and investment growth will be 3%.

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