OREANDA-NEWS. Russia's GDP growth in 2019 may be higher than the forecast 1.3%. This was stated by First Deputy Prime Minister and Minister of Finance Anton Siluanov, speaking in the Federation Council. "We are confident that the dynamics of economic growth this year won't be lower; perhaps higher than we predicted", Siluanov said.

The First Deputy Prime Minister added that the government sees a positive trend in economic growth. “In October, for a month we saw growth rates of 2.2%. We will see how stable this trend will be, but national projects begin to work, the measures that we took to stimulate economic growth begin to work”, summed up the First Deputy Prime Minister. Earlier, the head of the Accounts Chamber Alexei Kudrin said that according to forecasts of the department, economic growth won't exceed 1%.

Siluanov also said that actual inflation for the year is expected to be lower than the forecast, which was adjusted from 4.3% to 3.8%. “In fact, it will be even lower. This allows us, with the indexations we performed, and the indexations we performed at higher inflation rates, respectively, to increase costs in real terms”, he said.