Russia economy This 8%-10% is expected to shrink year retreat in The final quarterAccording to the president, of Nation Center bank on Friday.
“ending of Long-term Economic relations will have a negative impact on Gross Domestic Product (GDP) this year… down to the lowest point in the fourth quarter,” the bank of Russia Governor Elvira Nabiullina said after bank cash policy Meeting.
“Because of the high base of The first quarter of 2022, comprehensive change in Gross domestic product next year Compared to the entire will of 2022 range from zero To minus 3%… it would be more A representative of the fourth comparison quarter of 2023 against lowest point of The declineand this is the fourth quarter of 2022″.
Nabiulina said bank It expects GDP to expand by 4%-5.5% by the end of 2023 compared to the end of This is amazing year.
. said bank Estimated consumer inflation will rise 18%-23% over The year.
annual inflation for The next 12 months is expected to be much less of April 2023, with Baseline predictions range from 10% to 12%, she said added.
Earlier, central Russia bank lowered her key benefit rate By 300 basis points, from 17% to 14%.
Nabiullina said there is room for in addition to rate cut to the end of 2022, with Expectations range of 12.5-14.7% for This is amazing year.
