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Russia was predicted to accelerate inflation to 20% this year. At the same time, GDP may fall by 8%, analysts surveyed by the Central Bank predict, Interfax writes.
Thus, in the March survey, the inflation forecast for 2022 was increased by 14.5 percentage points compared to the February survey, to 20.0%, for 2023 – by 4.0 percentage points, to 8.0%, and for 2024 — by 0.8 p.p., to 4.8%.
In addition, there will be no growth of 2.4%, as previously predicted, in 2022. A decline in GDP by 8.0% is likely. The growth forecast for 2023 is reduced by 1.1 percentage points, to 1.0%, for 2024 – by 0.5 percentage points, to 1.5%, according to a survey of economists on the dynamics of the economy. They are the median of the forecasts of 18 economists from various organizations participating in the survey.
At the same time, analysts expect an exchange rate of 110 rubles per dollar in 2022, 118.4 rubles in 2023 and 120 rubles in 2024.
Experts cited by the media note that the revision of consensus estimates reflects a fundamental change in economic conditions that has occurred in recent weeks. A wide spread of estimates led to a high uncertainty of the conditions, a rapid change in the economic situation.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
