Dmitry Belousov, head of analysis and forecasting of macroeconomic processes at the Center for Macroeconomic Analysis and Short-Term Forecast (CMASF), explained that there are signs of the development of the shadow settlement sector in Russia. He wrote about it in an article. “Thirteen Theses on Economics”.
As noted in the material, this could have been facilitated by strengthening tax and financial control by the state.
According to Belousov, the economy now has a “strange combination” of simultaneous increases in the liquid component of the money supply (cash and “demand” accounts), turnover rates, and low inflation rates.
According to the economist, the most obvious of the hidden anti-inflation factors is the expansion of the payments space served by cash and payment cards.
Former Finance Minister of Russia Anton Siluanov knowledgeableBy the end of 2022, the price increase will be about 12%. He stressed that the Ministry of Finance’s inflation expectation this year is “significantly high”.
Earlier, Siluanov predicted a 2.7% decline in Russia’s gross domestic product in 2022.