Russian Central Bank lowers its Q1 GDP forecast to 1.3-1.5 pct due to lower economic activity

Market news

14 May 2018

Russian Central Bank lowers its Q1 GDP forecast to 1.3-1.5 pct due to lower economic activity

Forecasts industrial output at 1.3-1.8 pct in april, y/y
Q2 gdp growth to slow to 1-1.4 pct, y/y, due to high base effect in 2017

Russian Central Bank says does not take into account new U.S. sanctions against a number of Russian companies

U.S. Stocks open: Dow +0.36% Nasdaq +0.35%, S&P +0.28%

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