Russia's Economy Minister says GDP to shrink 2.5-2.8 percent in 2015: RIA
By Reuters
Jun 06, 2015 11:01 AM EDT
Regions
People walk along a street past a board showing currency exchange rates in Moscow, December 3, 2014. (Photo : Reuters)
Russia's Economy Ministry expects gross domestic product to shrink by 2.5-2.8 percent in 2015, Economy Minister Alexei Ulyukayev said on Saturday, according to RIA news agency.
"This year as a whole we expect a 2.5-2.8 percent fall in GDP," RIA quoted him as saying during a visit to Voronezh.
The ministry officially forecasts that GDP will contract by 2.8 percent this year, but Ulyukayev had previously said the decline may be less than this.
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