Opening Asia for Russia

The Eurasian Development Bank presented an economic forecast

25.03.2020 112 просмотров

Analysts of the Eurasian Development Bank have prepared a macroeconomic review of the Russian Federation.


“According to our forecasts,” says Andrey Krainy, Deputy Chairman of the Board, State Secretary of the EDB, “Russia's GDP growth rate will be 1.3%, the same as a year earlier. Economic activity will be constrained by the effects of the spread of the coronavirus and falling oil prices. First of all, this can be expressed in the weakening of external demand and domestic investment activity, as well as in the disruption of production chains. The economy will be supported by the entry into the active phase of the implementation of national projects and measures to stimulate the income of the population. In the next two years, GDP growth is projected to increase to 1.9% per year as the situation in the global economy and commodity markets stabilizes, as well as the implementation of internal structural reforms.

The review notes increased pressure on the Russian ruble at the beginning of this year due to falling oil prices and heightened concerns about the negative impact of the coronavirus on the global economy. The effect of these factors, according to EDB analysts, will continue in the coming months, and the exchange rate of the national currency against the US dollar will remain close to current levels. In the future, as hydrocarbon prices gradually recover and the situation in the global economy stabilizes, the ruble, according to the bank's forecast, will partially win back the lost ground.

Economy and business

Economy and business

Economy and business

Economy and business

Economy and business

Economy and business

Economy and business

Economy and business

Economy and business

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