Russian GDP up 2 percent year-on-year in January: economy ministry

MOSCOW (Reuters) – Russian gross domestic product increased by 2 percent year-on-year in January, the Russian Economy Ministry said on Wednesday, up from 1.4 percent growth in December.

Inflation is seen staying below a central bank target of 4 percent throughout 2018 in absence of significant bad weather, the ministry said, and could fall below 2 percent in June.

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