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Macro forecast moderately conservative, but risks of non-economic factors remain that could lead to temporary deviations - Russian economic development minister

The three-year macro forecast for Russia's socio-economic development is moderately conservative; the external price environment may turn out better than expected, but risks of non-economic factors remain (including attacks on infrastructure), which could lead to temporary deviations from the forecast, Economic Development Minister Maxim Reshetnikov said at the budget committee in the State Duma. "On the whole, the forecast remains moderately conservative. The external price environment may turn out better than our expectations. At the same time, risks of the impact of non-economic factors remain, including attacks on infrastructure and industrial facilities. They could lead to temporary deviations from the projected growth trajectory," Reshetnikov said. [...]