</p> <p><span>The Russian government expects the<br /> country’s gross domestic product (GDP) to grow by 2 percent in 2017,<br /> pulling <a target="_blank" href="http://www.rbc.ru/economics/27/02/2017/58b40fee9a7947e2a8c12216?from=main">the country out of economic recession.</a></span></p><div class='code-block code-block-1' style='margin: 8px 0; clear: both;'> <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script> <ins class="adsbygoogle" style="display:block; text-align:center;" data-ad-layout="in-article" data-ad-format="fluid" data-ad-client="ca-pub-3582315701928315" data-ad-slot="4642392753"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script></div> <p>Maxim Oreshkin, Russia’s Minister of<br /> Economic Development, said that the forecast was based on oil prices<br /> rising 0.6 percent from an average of $40 per barrel. He said that<br /> the government’s full GDP report would be available next month.</p> <p>“In 2016, growth was concentrated<br /> in certain industries, such as agriculture. In 2017, we expect that<br /> growth will continue and start to affect the consumer sector,”<br /> Oreshkin said. He told investors at a forum in the Russian city of<br /> Sochi that the changes would allow the economy to “breathe more<br /> freely, to invest more and to grow more.”</p> <p>Last year, the International Monetary<br /> Fund forecast that Russia’s GDP would grow by 1.1 percent in 2017 and<br /> 1.2 percent in 2018.</p> <p>The World Bank also predicted growth of<br /> 1.5 percent growth over the next 12 months, largely boosted by rising<br /> oil prices.</p> <p>Russia’s economy contracted by 3.7<br /> percent in 2015, largely thanks<br /> to falling oil prices and the impact of international sanctions<br /> linked to the Ukrainian crisis. </p> </div> <div class="navigation-inner"><a class="prev-post" href="http://cultureru.com/chief-justice-says-number-of-russian-kids-adopted-by-foreigners-drops-by-two-thirds/" rel="next">Chief justice says number of Russian kids adopted by foreigners drops by two-thirds</a><a class="next-post" href="http://cultureru.com/about-5000-participate-in-nemtsov-mourning-march/" rel="prev">About 5,000 participate in Nemtsov mourning march</a></div> <div class="gap-20"></div> </article><!-- #post-17536 --> <div class='code-block code-block-2' style='margin: 8px auto; text-align: center; display: block; clear: both;'> <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script> <!-- vidget --> <ins class="adsbygoogle" style="display:block" data-ad-client="ca-pub-3582315701928315" data-ad-slot="4301813101" data-ad-format="auto" data-full-width-responsive="true"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script></div> </div><!-- #content .wf-cell --> </div><!-- .wf-container --> </div><!-- .wf-wrap --> </div><!-- #main --> <!-- !Bottom-bar --> <div id="bottom-bar" role="contentinfo"> <div class="wf-wrap"> <div class="wf-table wf-mobile-collapsed"> <div class="wf-td"> </div> </div> </div><!-- .wf-wrap --> </div><!-- #bottom-bar --> <a href="#" class="scroll-top"></a> </div><!-- #page --> <script type="text/javascript">(function(w,doc) { if (!w.__utlWdgt ) { w.__utlWdgt = true; var d = doc, s = d.createElement('script'), g = 'getElementsByTagName'; s.type = 'text/javascript'; s.charset='UTF-8'; s.async = true; s.src = ('https:' == w.location.protocol ? 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