IMF: Russia’s economy faces “deep recession” – Komsomolskaya Pravda in Ukraine

          Some improvement, experts believe, will begin in 2016.
     

 According to estimates by the International Monetary Fund, this year Russia threatened plunge into a deep recession. As reported by “Deutsche Welle”, an expert said the IMF Rodrigo Ernesto Ramirez.

 According to him, Russia’s GDP will decline by 3.4 percent. This is due to the decline in domestic demand caused by the reduction of wages in real terms, a higher cost of capital and a reduction of confidence.

 Among the negative factors affecting the Russian economy the IMF called the decline in oil prices and the effect of Western sanctions.

 At the same time, IMF experts expect a moderate improvement in the economic situation in Russia in 2016. According to their forecasts, the GDP will grow by 0.2 percent. As a result of Moscow’s anti-crisis measures and higher prices for oil is expected to resume growth at further reducing inflation from 12.5 per cent to single digits.

 In addition, the positive effect will, experts believe, the stabilization of the ruble. However, according to IMF estimates, the rate of national currency will be responsive to developments in commodity markets, as about 40 percent of the profits received from the Russian hydrocarbon exports.

  WHAT WE

  The Ukrainians remain “depressed consumer”

 The rise in prices has a negative impact on the current financial situation of our fellow citizens.

 In April 2015, consumer sentiment Ukrainians once again declined. This is evidenced by data from a study of consumer sentiment in Ukraine, which holds monthly GfK Ukraine.

 Consumer sentiment index (PPI) is 41.4, which is 0.4 points less than in March. Deterioration assessments of the current situation was partially offset by the improvement in economic expectations.

 

Loading …

Loading …