Russia's gross domestic product might grow more than projected this year, expanding 4%, First Deputy Chairman of the Central Bank of Russia Alexei Ulyukayev said.
"I think that it will likely be 4% this year," Ulyukayev said during a forum in London organized by VTB Capital.
The Russian Economic Development Ministry is forecasting 3.4% growth in 2012. "My personal feeling is that economic growth will be higher than the official forecast by the Economic Development Ministry, which expects it at 3.4%," Ulyukayev said.
Ulyukayev also said inflation ought to be 5%-6%, as forecast. "I think we’ll be in the sort of position to achieve our inflation target of 5%-6%," he said.
