Medvedev: Russian economic growth will resume in 2016

MOSCOW, 11 Nov. The government expects renewed growth of the Russian economy in 2016 and already sees the first signs of this process, said Prime Minister Dmitry Medvedev.

“We believe that next year inflation will fall to 7% and growth resumes — by the way, small signs of this are,” he said in an interview to “Rossiyskaya Gazeta”, which will be published on Wednesday.

Earlier the Minister of economic development Alexei Ulyukayev said that he expected growth of GDP in annual terms since the second quarter of 2016, and in quarterly terms in the fourth quarter of 2015.

For 2015 the Ministry of economic development predicts a decline in GDP of the Russian Federation in the amount of 3,9%, in 2016 — an increase of 0.7%.