MOSCOW, March 24 Russian economic indicators
show signs of recovery, which may push gross domestic product
higher by 0.4-0.7 percent on the year in the first quarter of
2017, the central bank said on Friday.
After a prolonged period of contraction, capital investment,
which is considered to be one of the key economic drivers, may
increase by 1-3 percent in the first three months of this year
compared with a year ago, the central bank said.
In a revised set of economic forecasts, which the central
bank presented after cutting the key rate to 9.75 percent, it
said a price of barrel of crude oil was expected to average $50
this year and $40 in 2018 and 2019.
(Reporting by Andrey Ostroukh; Editing by Polina Devitt)