2 ms·
> Remaining effects are a 3% GDP decline It's 3.9% (which rounds up to 4%, not to 3%) this year and 5.6% next year. This forecast is based on figures kindly p
by The_Colonel 4y ago
> Remaining effects are a 3% GDP decline
It's 3.9% (which rounds up to 4%, not to 3%) this year and 5.6% next year.
This forecast is based on figures kindly provided by Russian authorities, which in times of war have strong incentives to be creative.
- somenameforme 4y agoThe Russian central bank expects a rate of 3-3.5%, the Ministry of Economic Development expects a decline of 2.9%. [1] Your numbers may be dated, as the expected figures keep improving. Some time back they were expecting double digit declines. [1] - https://tradingeconomics.com/russia/gdp-growth-annual https://tradingeconomics.com/russia/gdp-growth-annual
- The_Colonel 4y agoThe 3.9%, 5.6% decline comes from OECD's November report, so hardly outdated. I don't think there's much reason to trust Russian Central Bank which has strong incentives (read: orders) to enhance the numbers. https://www.oecd.org/economic-outlook/november-2022/ https://www.oecd.org/economic-outlook/november-2022/