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Organization of Economic Cooperation and Development (OECD) has improved the forecasts for GDP of Russia. Domestic economy in the current year will reduce on 0,8% and will increase on the same figure in 2017. Such data is delivered in published global economy of OECD review on Monday, November, 28.

June evaluations of the organization supposed Russian GDP reduction in 2016 will amount to 1,7 % and rise on 0,5 % the following year. In 2018 domestic economy will grow on 1%.

The inflation in the current year will amount to 7,2 %, in 2017 and 2018 is expected slowing of prices on 5,9% and 5 % correspondingly. June forecast predicted inflation on the level of 7,3% in the current year and 5,3% in 2017.

«After 2 years of recession the economy will get back to growing in 2017, because fact salary growing will encourage consuming in private sector, and interest rate cut will support investing», — point the experts of OECD. The recovery will depend on growing of oil prices, they believe.

Earlier, on November, 28, bond bank Morgan Stanley reduced the GDP growth forecast in Russia in 2017 from 1,4 to 1,2%. According to the Ministry of Economic Development, domestic GDP in January- October of current year reduced on 0,7%.

According to the first vice-prime minister Igor Shuvalov, economy of Russia got into working trim and the following year GDP growth will be around 1%. According to him, the most difficult period for the country is now behind.

In the middle of the month the minister of finance Anton Syluanov declared, that despite of low oil prices and pressing of sanctions the Russian economy hasn’t fallen.

OECD is one of the leading economic organizations in the world, which includes 35 most developed countries. The headquarters of the organization is situated in Paris.

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