May 14, 2018 / 1:09 PM / 2 months ago

Russian c.bank sees Q2 GDP growth at 1-1.4 pct, y/y

MOSCOW, May 14 (Reuters) - Russian central bank said on Monday it saw gross domestic product in the second quarter expanding by 1-1.4 percent, year-on-year, due to a high base effect in 2017.

The central bank also lowered its GDP forecast for the first quarter to 1.3-1.5 percent due to lower economic activity. The central bank also said it didn’t take into account new U.S. sanctions against a number of Russian companies.

The central bank said that it saw industrial output at 1.3-1.8 percent in April in year-on-year terms. (Reporting by Katya GolubkovaWriting by Polina NikolskayaEditing by William Maclean)

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