10:53 GMT26 May 2020
Listen Live
    Business
    Get short URL
    423
    Subscribe

    The Russian Central Bank estimates that the country's economy will be struggling for three more years.

    MOSCOW (Sputnik) – Difficult economic conditions will persist in Russia for three more years, the authorities need to have coordinated macroeconomic policies, the Russian Central Bank said in a statement Wednesday:

    "Overall, as is expected, the conditions of development of the Russian economy will remain difficult within the framework of the three-year prognosis period. Taking this into account, it will be extremely important to retain consistent and coherent macroeconomic policies directed at ensuring stability and forming conditions for restoration of balanced demand."

    Related:

    Putin: Russian Economy Overcoming Decline but Positive Tendencies Unstable
    WTO Review Acknowledges Successful Liberalization of Russian Economy
    Russia to Maintain Course on Economic Openness - Prime Minister Medvedev
    Russia’s Economic Outlook Revised to Stable From Negative - S&P
    Tags:
    economy, Russian Central Bank, Russia
    Community standardsDiscussion
    Comment via SputnikComment via Facebook