Saturday, January 31, 2015

Russia’s GDP: dismal forecasts – Club Industry Journalism

Russia's GDP: dismal forecasts – Club Industry Journalism

The Bank of Russia predicts drop in GDP only for the first half of the year – 3.2%. Further expected deterioration of economic parameters that are affected by all the sanctions imposed and the unfavorable external economic activity. A strip of light in the darkness does not seem long. Alexei Ulyukayev calls all restraint.
Here is a partial list of ills: raising the price of imports intended for investment, the decline in the levels of all financial corporations, the minimum availability of capital, reducing the civil revenue decline in consumer revival, and so on.
As said Alexei Ulyukayev, who currently holds the post of head of Minekonorazvitiya, GDP is expected to decline 4 – 5%, only in the case that throughout the year will keep the oil price. Among the main problems highlighted Ulyukayev decline in fuel costs and strong “sanctions onslaught».
Growth in the economy last year was the lowest in the last five years.
All propheci es of the Central Bank of Russia with regard to reduction of GDP next year cheerful. One of the European banks heralds a drop of 5%. At the same time, the agency portends inflation 8.5%.
These predictions are very sad if equal to the level of the United States. In the previous year, their GDP rose more than 2%, and this is projected to increase to 2.9%, which is almost impossible for the country. If we take into account that the US economy is eight times greater than Russia, then in a short time it will jump to a quarter of GDP. If you save the same development, in a few years the US GDP will be added to one of Russia for a year.





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