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Russian economy may fall to 2011 level

Russian economy may fall to 2011 level
Photo: pixabay.com

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.

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