Date: 7 months ago   Category: Economy

The Ministry of Economic Development doesn't expect serious influence of deterioration in external conditions on economy — Rambler News Service


Photo: Kremlin Pool/Global Look Press of the Ministry of Economic Development in the forthcoming years expects reduction of price of oil and delays of world economic growth, but these factors won't exert serious negative impact on economic dynamics, the Minister of Economic Development of maxims Oreshkin has said during the meeting in the government. "In the forthcoming years we expect moderate deterioration in external conditions: this and gradual delay of world economic growth is closer to a mark of 3%, and smooth decrease in the oil prices to the level of 54 dollars for barrel by 2024. In the conservative scenario we assume even more serious deterioration in external conditions, but besides, thanks to the built institutes of macroeconomic policy of serious negative impact on economic dynamics they won't render" — he has told. Oreshkin has added that "the next year in many respects will be transitional with the difficult first quarter". "It will be connected with the fact that increase in the VAT will take place in the first quarter, and the active phase of implementation of national projects will begin closer to the middle of year. Also on the first quarter, according to us, the maximum delay of credit activity caused by volatility in the financial markets is necessary" — the minister has said. According to forecasts of the MEDT, following the results of the next year growth of economy will be slowed down up to 1,3%, and inflation will accelerate up to 4,3% with peak value about 5% in the first quarter. "Since 2020 restoration of economic growth will be based on results of the realized reforms and successful implementation of national projects. Economic growth will accelerate up to 2% in 2020, and further will be fixed above a mark of 3%" — Oreshkin has noted.

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