Russia will probably lower forecast for 2018 growth

SOCHI, Russia (Reuters) – Russia’s economy ministry will probably lower its forecast for 2018 growth to 1.8 percent from the previously expected 1.9 percent, the minister Maxim Oreshkin said on Wednesday.

Oreshkin said the rouble currency would be slightly weaker and capital outflow stronger in the next 12 months than previously expected due to new U.S. sanctions against Russia and the situation in emerging markets.

The ministry will raise its inflation forecast due to a poor grain crop and the rouble weakening, he added.

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