On the occasion of the First Deputy Prime Minister, these cases occurred out of sync
The Russian economy may return to consumption growth this year. This opinion is expressed by First Deputy Prime Minister Andrey Belousov, writes RBC. He claims that, according to the calculations of the Ministry of Economic Development, the peak of the decline in consumption has almost passed.
“The drop in lost income, trade turnover, which happened due to a surge in supply, will peak somewhere in the second or third quarter. We arrange to delay on the plateau, organize not to delay, somewhere around minus 8-9% [будет спад розничного товарооборота в годовом выражении]”, – said the first vice-premier.
At the same time, the decline in investment in Russia is only now beginning, and Belousov added its peak of illustrations for the first half of 2023.
“In investment, the opposite is true. We are just now entering an investment downturn. And the peak of the fall of the lungs in the first half of 2023. This is connected with significant incomes in the district, and with profits, and with noticeable production, and with equipment that is noticeable in terms of imports,” the first vice premier noted.
According to Rosstat, Russia’s GDP in the second quarter covered 4% after growing in the first quarter by 3.5%. The Ministry of Economic Development expects the economy to fall by 7.8% this year and slow down its recovery in 2024. At the same time, the baseline forecast of the Central Bank shows GDP growth of 4-6% and economic recovery in the fourth quarter of 2023.