The Russian Minister of Economic Development, Maxim Reshetnikov, said that the Russian economy has completed its recovery from the Corona crisis, and that it is unlikely to grow this year by more than 4.2%.
“With regard to economic growth, taking into account the development of the situation, we estimate the growth of GDP for the current year at 4.2%,” the Russian minister said during a meeting of the budget committee on Monday.
The minister indicated that the growth of the Russian economy in 2021 will not exceed 4.2%, based on the opinions of some experts.
“The recovery in general has exhausted itself and the economy has entered a special path, the epidemiological situation has worsened (in Russia), so we cannot count on higher rates this year,” added Reshetnikov.
The official forecasts of the Russian Ministry of Economic Development assume in the base scenario that the Russian economy this year will grow by 4.2% and in 2022-2023 at the level of 3%.
Source: RIA Novosti