Home > News > World
Wednesday March 12, 2014 MYT 9:10:01 PM
Wednesday March 12, 2014 MYT 9:11:12 PM
SOCHI, Russia (Reuters) - Russian President Vladimir Putin told the country's top finance and economy officials on Wednesday that the current forecast for gross domestic product this year was unacceptable.
"I will again stress that the existing growth rates and those forecast by the government cannot satisfy us," Putin told Central Bank Governor Elvira Nabiullina, Finance Minister Anton Siluanov and Kremlin economic adviser Andrei Belousov.
The central bank envisages GDP growth of 1.5-1.8 percent this year, while the economy ministry puts the rate at around 2 percent.
Many economists say the economy will expand at a much slower rate, hurt by Russia's involvement in Ukraine.
(Reporting by Alexei Anishchuk, writing by Lidia Kelly, editing by Elizabeth Piper)
Petrobras scandal takes Brazilian politicians to Supreme Court
U.S. Democrats, State Department defend Hillary Clinton over email flap
Insight - Syria's Nusra Front may leave Qaeda to form new entity
Israel's Netanyahu draws rebuke from Obama over Iran speech to Congress
Malaysians abroad share how they celebrate our local festivals
8 Incredible food and wine adventures you can do in Australia!
Gwyneth Paltrow's conscious coupling with Juice Beauty
McCullum fit to play Afghanistan - coach
More Malaysians travelling to Japan
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)