SOCHI, September 6 (RIA Novosti) - Russia's net capital inflow totaled $59 billion in the first eight months of this year, the first deputy chairman of the Central Bank said Thursday.
Addressing the fifth international banking forum on Russian banks at the Black Sea resort of Sochi, Alexei Ulyukayev said net capital outflow in August totaled $5.5 billion, which is less than analysts or the Economic Development and Trade Ministry expected.
Ulyukayev said Russia's gross domestic product is expected to grow 7.5% in 2007, up from an earlier forecast of 7.2%.
"According to our estimates, annual economic growth will reach 7.5%," he said, adding that the annual inflation forecast is confirmed at 8%, and that the trade balance and capital inflow forecasts also remain unchanged.
Ulyukayev said the Central Bank left inflation forecasts for 2007 unchanged, at 8%, and net capital inflow forecasts at $70 billion.
Russia's inflation in 2006 stood at 9%.
