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Ministry of Economic Development will present a forecast taking into account coronavirus

Ministry of Economic Development will present a forecast taking into account coronavirus
Photo: economy.gov.ru

The Ministry of Economic Development will present a new forecast for the socio-economic development of Russia for 2020-2022, taking into account the situation with coronavirus. The first option, which was prepared in mid-January, does not take into account external factors that have fully manifested themselves only now.

As the RIA News With reference to the Minister of Economic Development of the Russian Federation Maxim Reshetnikov, initially the forecast was formed taking into account the fact that the Chinese economy will begin to recover by the end of the first quarter. Now there is an understanding that the consequences of an outbreak of coronavirus will be deeper.

The head of the department emphasized that the budget system of Russia is protected from external shocks and will be able to fulfill all social obligations. However, against the backdrop of coronavirus, the forecast for Russia's GDP growth for 2020 worsened from 1,6% to 1,2%.

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