https://sputnikglobe.com/20230210/decline-in-russias-gdp-in-2022-amounted-to-25-central-bank-says-1107315366.html
Decline in Russia's GDP in 2022 Amounted to 2.5%, Central Bank Says
Decline in Russia's GDP in 2022 Amounted to 2.5%, Central Bank Says
Sputnik International
The decline in Russia's GDP in 2022 amounted to 2.5%, while this year the GDP is expected to either drop by 1% or increase by 1%, the Russian Central Bank said on Friday.
2023-02-10T11:26+0000
2023-02-10T11:26+0000
2023-03-05T11:22+0000
economy
inflation
gdp
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As for 2025, GDP is expected to increase by 1.5-2.5%, the statement read. Additionally, the regulator upgraded the forecast for the average key rate in 2023 to 7-9% from 6.5-8.5%, the bank's report said, adding that it expects it to be in the range of 6.9-9.2% from February 13 until the end of the year.
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Decline in Russia's GDP in 2022 Amounted to 2.5%, Central Bank Says
11:26 GMT 10.02.2023 (Updated: 11:22 GMT 05.03.2023) MOSCOW (Sputnik) - The decline in Russia's GDP in 2022 amounted to 2.5%, while this year the GDP is expected to either drop by 1% or increase by 1%, the Russian Central Bank said on Friday.
"As estimated by the Bank of Russia, 2022 GDP decreased by 2.5%," the regulator said in a statement, adding that the bank's "baseline scenario forecasts the growth of GDP at (-1.0)-(+1.0)% in 2023 and 0.5-2.5% in 2024."
As for 2025, GDP is expected to increase by 1.5-2.5%, the statement read.
"According to the Bank of Russia’s forecast, given the current monetary policy stance, annual inflation will come in at 5.0–7.0% in 2023 to return to 4% in 2024," the statement read.
Additionally, the regulator upgraded
the forecast for the average key rate in 2023 to 7-9% from 6.5-8.5%, the bank's report said, adding that it expects it to be in the range of 6.9-9.2% from February 13 until the end of the year.
