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Russian economy minister estimates Jan-Oct GDP growth at 0.8% y/y

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Russia's Economy Minister Alexei Ulyukayev said on Monday that he estimated gross domestic product growth at 0.8 per cent year-on-year in the period January-October.

[MOSCOW] Russia's Economy Minister Alexei Ulyukayev said on Monday that he estimated gross domestic product growth at 0.8 per cent year-on-year in the period January-October.

The ministry formally predicts economic growth of 0.5 per cent for 2014 as a whole, but its officials have said this may be an underestimate.

REUTERS