The International Monetary Fund has changed its forecasts regarding the GDP of the Russian Federation. The organization reduced its forecasts to 1.5% in 2013 and to 3% in 2014.
The IMF again lowered its forecast for economic growth in the Russian Federation. He adjusted the values of this indicator downward for this and next years. At the moment, the fund’s experts claim that the indicator will grow by only 1.5% and not 2.5% as predicted earlier. And next year the figure will increase by 3%, not 3.25%. According to experts of the international organization, the country’s economy is using its potential to the maximum and despite the low unemployment rate, production capacities are loaded at a high level. However, in this situation, there are large external and internal risks, which, against the background of low economic growth, may adversely affect this area. Therefore, experts from the International Monetary Fund believe that the economy of the Russian Federation needs to introduce new structural reforms that would be aimed at stimulating supply. Also, the existence of problems with economic growth is recognized by the Ministry of Finance of Russia and the Ministry of Economic Development of the country. Alexey Ulyukaev, head of the Ministry of Economic Development, noted that next year the country’s economy will not be able to fully recover, the department predicts that the country’s GDP will be below the world average. Also, Ulyukaev said that the government, in order to slow down inflation, decided to restrain the growth of tariffs of natural monopolies..
