First Deputy Prime Minister of Russia Andrei Belousov stated on Monday that the Russian economy’s drop in 2022 is probably going to be less than 3%.
The Russian official predicted that the national economy would experience a fall of less than 1% in 2023 with reference to how well it would operate.
In a speech delivered during a cabinet meeting on Monday, Belousov predicted that this year’s overall economic outcomes, as measured by the dynamics of GDP, will most likely decline by less than 3%, reaching a level of roughly 2% next year. There is a strong likelihood that the decline will be less than 1% at 0.6-0.8%. (negative).
According to the First Deputy Prime Minister of the Russian Federation, the scenario that follows sets excellent conditions for both an increase in Russian budget revenues and a rise in the real income of the population.
Belousov predicted that by the end of this year, inflation in Russia will be between 12% and 13%; this prediction is more positive than previous ones.
What will the state of the Russian economy be in 2022?
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