The Russian economy is predicted to decline

33

Photo: Dmitry Kostyukov / “Kommersant”

The experts of the Analytical credit rating agencies (ACRA) has predicted the fall of the Russian GDP by the end of 2019 to 2.5 percent in the case of large-scale expansion of anti-Russian sanctions, reports RBC.

In addition, it shows that inflation at year end will be eight percent, more than double the Central Bank’s forecast, and the key rate will reach 12 percent. Thus, the dollar on average for the year could reach 83 of the ruble.

Also in the pessimistic scenario, the analysts have laid a possible recession in the United States, the debt crisis in China and the fiscal crises in some European countries, which will be accompanied by financial stress.

In the baseline scenario, ACRES forecasts economic growth in 2019 at the level of 1.4 percent, inflation at 4.6 percent and the average dollar — 64 rubles.

20 September Prime Minister Dmitry Medvedev said that the next six-year cycle in the Russian economy will be difficult because of the sanctions, trade wars and protectionism.

Video, photo All from Russia.

LEAVE A REPLY

Please enter your comment!
Please enter your name here