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Macroeconomic outlook for 2015 may be revised, since GDP decline exceeded expectations, and reached 4.6% - Economic Development Minister Ulyukayev

August 11, 2015 | TASS

The macroeconomic outlook for 2015 may be revised, since the GDP second quarter decline exceeded expectations, and reached 4.6%, said Economic Development Minister Alexei Ulyukayev on Tuesday.

"Perhaps there is a reason to seriously think about it. I'm not excluding the possibility of a revision of the macroeconomic forecast," he said, commenting on the published data of Rosstat on August 10, according to which the decline in GDP in the second quarter was 4.6%.

However, Ulyukayev said that he still expects to improve the GDP growth in the third quarter. "I think that the third quarter will be better," the minister said.

Previously, the head of the Ministry of Economic Development forecast a GDP decline in the second quarter to 4.4%. At the same time, according to Ulyukayev, the country has already passed the lowest point in the GDP decline rate.

Company: Ministry of Economic Development of the Russian Federation

Full company nameThe Ministry of Economic Development of the Russian Federation
Country of riskRussia

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