The Russian economy may slow its growth rate to zero by the end of this year.

This is stated in a statement from the Central Bank of Russia, The Moscow Times reports .

Thus, the Central Bank of the Russian Federation notes that in the first quarter, Russian GDP grew by only 1.4%, three times less than in the same period last year (4.1%). In the second quarter, the economy accelerated slightly, to 1.8% growth, but in the third it began to slow down again.

According to the forecast of the Central Bank of the Russian Federation, in July-September, Russia’s GDP will increase by 1.6%, and in the fourth quarter – by only 0-1% .

On average, the Russian economy will grow by 1-2% per year, and the next year it will sink even deeper into stagnation, according to the Russian regulator’s forecast: GDP growth will slow to 0.5-1.5%.

The world economy, according to the forecast of the Central Bank of Russia, will overtake the Russian one by almost three times both this year and next : it will add 3.1% and 2.9%, respectively. Russia will lag behind the Chinese economy, which will increase by 4.9% and 4.8%.

It was previously reported that since the beginning of the year, the number of companies in Russia planning to lay off employees has almost doubled . So, if in January the share of such organizations was 6.9% of the total number, then in June it was 11.5%.

Previously, the head of the Russian Ministry of Industry and Trade, Anton Alikhanov, stated that the growing problems in the civilian part of the Russian economy require the Russian authorities to support an increasing number of industries , but the budget, overloaded with military spending, will not be enough for this.

Previously, Russian President Vladimir Putin acknowledged the possibility of the risks of stagnation and recession in the Russian economy and ordered to prevent this from happening.

For her part, the head of the Central Bank of Russia, Elvira Nabiullina, stated that the resources that allowed the Russian economy to show growth for two years in the face of a full-scale war against Ukraine and sanctions have been exhausted.

Author:  Halyna Yalivets Джерело: https://censor.net/n3567377

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