By Amie Ferris-Rotman

MOSCOW--Russia's economy is expected to return to growth after a two-year recession, First Deputy Prime Minister Igor Shuvalov said Thursday.

Gross domestic product is expected to grow between 1% and 2% in 2017, Mr. Shuvalov said, speaking at the World Economic Forum in Davos, Switzerland.

"We are also hoping that foreign direct investment will start flowing very soon," Mr. Shuvalov said.

Write to Amie Ferris-Rotman at

(END) Dow Jones Newswires

January 19, 2017 09:55 ET (14:55 GMT)

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