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Russian economy may fall to 2011 level
Experts from consulting companies evaluated the impact of the spread of coronavirus on the Russian economy. According to forecasts, in the best case, it will decrease by 3,8%, in the worst - by 10,2%.
As the RBCnegative scenarios voiced in McKinsey and Scope Ratings. According to them, Russia will return to the pre-crisis level of the end of 2019 either by mid-2021 or by mid-2023.
As for GDP, according to experts, in 2020 it may fall to 87,1 million rubles, i.e. to the level of 2014 or to 81,3 trillion rubles - below the level of 2011. Analysts point out that perhaps the sharpest blow is observed not only in Russia, but also in the global economy in the post-war period.
If the spread of coronavirus is not controlled, consumption in 2020 will be reduced by 4,9 trillion rubles, in the most pessimistic version - to 10,5 trillion rubles. Investments will fall by 2,1-3,9 trillion rubles.