Let’s eat our own // The Ministry of Economy expects stabilization from the budget, recession from GDP, and reduction from imports

The macro-parameters of scenario conditions for economic development developed by the Ministry of Economy are being discussed in the government. They were first created in the logic of the new version of the budget rules, which assume stable exports at just under $500 billion a year, the agency, in line with expectations of a two-year decline in GDP in 2022-2023, expects a brief surge in unemployment in 2022, investment growth no earlier than 2024 and the stability of the ruble at the level of about 70 rubles/$. A feature of the estimates of the Ministry of Economy is lower than those of the Bank of Russia, the expectations of import volumes in the following years. .

Leave a Reply