Kudrin forecasts Russian GDP growth of 3.6% in 2020 under target scenario
The Centre for Strategic Developments (CSD) predicts the Russian economy will expand by 3.6% in 2020 under a target scenario or by 2% under an inertial scenario, according to a forecast that CSD Director and former Minister of Finance Alexei Kudrin posted on Twitter.
The table in Kudrin’s micro-blog says GDP could grow by 1.7% in 2017 under the inertial and target scenario, by 1.8% and 2.7% in 2018, and by 1.9% and 3% in 2019, respectively.
According to the Ministry of Economic Development’s forecast, the Russian economy will expand by 2% in 2017 and by 1.5% in each year from 2018–2020. The Bank of Russia has the most conservative forecast for GDP growth at 1-1.5% in 2017–2018 and 1.5–2% in 2019, according to statistics from TASS news agency.