Wednesday, November 16, 2011

GDP forecast did not pick up

Rules igry02-06-2009 GDP forecast did not raise the forecast for Russian GDP change almost every day. And the biggest pessimist by the Russian government. The rest of the world believes that Russia expels a crisis "at the blood." Experts believe - all the predictions lie. Should look at the real figures and not to believe the speculation of others. Latest forecast for Russian GDP was released yesterday. According to the expectations of the International Monetary Fund in the current year Russia's GDP would fall by 6,5%, as stated head of the Russian mission of the Foundation Paul Thomsen. The last IMF forecast the pace of the fall of the Russian economy in 2009, made in April, stood at 6%. P. Thomsen noted that Russia's economy has suffered both from lower oil prices and on capital outflows. "We have little reason to expect that in the foreseeable future there will be increases in oil prices. The influx of capital into Russia, as in other emerging markets, is unlikely to reach pre-crisis levels ", - the head of the IMF mission in Russia. In addition, in 2010, according to IMF estimates, the Russian economy will stagnate, whereas previously the Fund predicted growth in Russian GDP in 2010 to 0,5%. The IMF recommends that the Russian government to reduce the amount of fiscal incentive currently provided by 10% of GDP to 7-8% of GDP.

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