Monday, February 16, 2015

2MER: The Russian economy in 2015 will enter a period of prolonged recession – BFM.Ru

2MER: The Russian economy in 2015 will enter a period of prolonged recession – BFM.Ru

The reduction in real wages in Russia in 2015 will be more significant than in 2009, predicts the Ministry of Economic Development

«In the context of preserving the strengths of geopolitical risks and the hypothesis that the price of oil in an annual average basis in 2015 will be $ 50 per barrel, it is assumed that GDP will decrease by 3%. According to forecasts, the Russian economy in 2015 will enter a period of protracted recession, “- the document says.

In the published forecasts of Ministry of Economic Development is not explained that the Ministry have meant by the prolonged recession. Forecast for 2016 will clarify the ministry until April. See also: , Europe can save on supplies of “Gazprom”. MAYOR predicted price drop by a third Earlier in the MER noted that the “bottom” of the Russian economy can be achieved in mid-2015, and then, the forward movement of the top, and at the end of 2016 expected growth of the economy.

According to the forecast, investment in fixed assets in 2015 will be reduced by 13.7%, according to published today refined macroeconomic forecast of the Russian Federation Ministry of Economic Development for 2015. A year earlier, they decreased by 2,5%.

The forecast also says that the implementation of the Government of the Russian Federation adopted a package of measures to ensure sustainable economic development and social stability, would reduce the depth of the recession in 2015 on a number of key macroeconomic indicators .

The reduction in real wages in Russia in 2015 will be more significant (9.6%) than in 2009 (3.5%), according to the forecast of socio-economic development of Russia in 2015 prepared by the Economic Development of Russia.

«This is largely due to the dynamics of wages in the public sector, which will continue to slow down due to reduced budgets, financial capacity,” – says the forecast.

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