Elvira Nabiullina: Russia to face 3 tough years

Baku. 15 November. REPORT.AZ/ In next 3 years internal and external conditions will remain difficult for the Russian economy. Report informs citing the Vestifinance, Chairwoman of the Central Bank of Russia Elvira Nabiullina. According to Nabiullina, potential economic growth rates are estimated below 2% unless structural changes are implemented.

According to E. Nabiullina recovery of the Russian economy may be stretched over time as distinct from 2008-2009 crisis and the Central Bank expects minor growth of GDP in 2017.

The Russian Central Bank expects oil price at $40 per barrel for the next 3 years. The price may drop even to $25 per barrel.

Capital outflow from Russia will be less than $20 bln in 2016, Nabiullina said.

"The outflow of capital from Russia will remain at a low level throughout the forecast period (2017-2019) - around $25 bln, and this year we expect less than $20 bln," she said.