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A deal on oil output cuts between OPEC and non-OPEC countries along with weaker demand for natural gas shipped from Russia may hit the growth of Russia’s economy in 2018, the central bank said in statement on Friday.
It also said Russia’s GDP is expected to rise by 0.4 per cent quarter-on-quarter in the first quarter, then growth is seen accelerating to 0.5 per cent quarter-on-quarter in the second quarter. Economic growth in 2017 will be revised upwards from an initial estimate of 1.5 per cent, it said, reports Reuters.