A document prepared by the Russian Ministry of Economy revealed that the Russian economy is expected to contract by 8.8 percent this year in the baseline scenario.
Expressing that the contraction in the economy could be 12.4 percent in a more conservative scenario, the Ministry of Economy predicted that inflation could reach the range of 20.7-22.6 percent this year.
Inflation is expected to be between 6.2-1.06 percent in 2023.
The Ministry of Economy, which estimates that capital expenditures will decrease between 25.4 and 31.8 percent this year, also stated that real disposable incomes will decrease by 7.8 percent in the basic scenario and 9.7 percent in the more conservative scenario in 2022. expressed his expectation.
foreks.com
