BOFIT Forecast for Russia 2020–2022 / 2

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Title: BOFIT Forecast for Russia 2020–2022 / 2
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Forecast for Russia
Series number: 2/2020
Year of publication: 2020
Publication date: 17.9.2020
Subject (yso): talouskasvu; taloudelliset ennusteet; taloudellinen kehitys
Keywords: Bofit-kokoelma; Venäjä; Russia; taloudelliset katsaukset
Other keywords: Russia; forecast; economic development
Abstract: With the coronavirus pandemic and drop in global commodity prices proving more severe than foreseen in the baseline of our March forecast, we have substantially lowered our outlook for Russian GDP growth. The Russian economy is now expected to contract by 4 % this year and return to moderate growth next year. Russia’s economic prospects remain uncertain as the on-going pandemic and commodity markets could see turns for the worse.
Note: Published also in Finnish by the name BOFIT Venäjä-ennuste.

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