the central bank report Monetary policy for February of this year predicted a 2.4% decrease in Russia’s gross domestic product (GDP) in January-March 2023. According to the Central Bank, annual inflation will be 3.9%.
Central Bank Governor Elvira Nabiullina at the press conference held after the regulator board meeting on February 10. knowledgeableAccording to the forecast of the Central Bank of Russia, GDP dynamics will turn into a positive area by mid-2023. Talking about the assessment of GDP for the current year as a whole, he added that the Central Bank, according to him, gives a symmetrical range from minus 1 to plus 1%. Nabiullina emphasized that the Central Bank did not see serious negative changes and consequences for the Russian economy.
Former First Deputy Prime Minister of Russia Andrey Belousov allowed, that the Russian economy may be “plus” this year. Commenting on the improved forecast of the International Monetary Fund on this issue, Belousov expressed his opinion on the growth of the Russian economy at the end of this year.
Rosstat February 20 given Preliminary forecast for the GDP of the Russian Federation for 2022. According to the agency, Russia’s GDP in 2022 decreased by 2.1%. At current prices, the volume of Russian GDP last year amounted to 151.4556 trillion rubles.