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Economists: GDP in Russia may fall by 8%, and the dollar rise to 90 rubles
By the end of 2020, Russia's GDP will fall by 8%, and the dollar will cost 90 rubles. This forecast was given by economists at the Center for Macroeconomic Analysis and Short-Range Forecasting.
According to Interfax, TsMAKP estimate is more pessimistic than that of the Central Bank, which predicted a 4-6% drop in gross domestic product in 2020. The Ministry of Economic Development forecast a decline of 5% and the dollar by the end of the year - 75-76 rubles.
The calculations of the Center’s specialists are connected with the possibility of the second wave of the coronavirus epidemic and the need to return to the restrictions, which are now gradually easing. At the end of 2020, under the influence of a new decline in oil prices, experts predict a weakening ruble.