The annual rate of decline of GDP in January-March of current year can reach 1.7 to 2.5%, reported the Bank of Russia.
MOSCOW, 3 Feb. The Bank of Russia estimates a decline in GDP of the Russian Federation with the removed seasonality in the first quarter of 2016 at the level of less than 1%, is spoken in the message of the regulator.
“According to preliminary estimates, the rate of decline of the GDP, cleared of seasonality, the first quarter of 2016 would be less than 1%”, — stated in the message.
According to Bank of Russia estimates, the annual rate of decline of GDP in January-March of current year can reach 1.7 to 2.5%, compared to the December forecast, which was within 1-2%.