Russia’s economy ministry predicts growth slowdown in 2019

MOSCOW (Reuters) – Russia’s economic growth of 2.3 percent in 2018 was largely boosted by one-off factors and is not sustainable, the economy ministry said on Tuesday, predicting the pace would slow to 1.3 percent in 2019.

The ministry also said in a monthly report that it expected annual consumer inflation to pick up to 5.2-5.4 percent in February, and peak at 5.5-5.7 percent in the period from March to May.

Inflation will slow below 5 percent by the end of the year should the rouble exchange rate remain steady, the ministry said.

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