Russian Economic Development Ministry lowers GDP forecast for 2016

"We lowered the forecast to -0.5% - -0.6%," Ulyukayev said.

The Russian Ministry of Economic Development in the updated forecast of socio-economic development of Russia lowered the forecast for GDP dynamics in 2016 from -0.2% to -0.6%, Economic Development Minister Alexey Ulyukayev told journalists on Friday.

"We lowered the forecast to -0.5% - -0.6%," Ulyukayev said.

First published by TASS.

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