The European Bank for Reconstruction and Development (EBRD) called the main condition for the growth of the Russian economy. Analysts believe that the country’s GDP in 2021 can grow by 3.3 percent. However, this will happen if the state does not cover the third wave of coronavirus and additional sanctions will not be introduced. Exposures from the report leads TASS.
“This will partially depend on the acceleration of vaccination that is pretty slow,” the report says. Also, the forecast takes into account the geopolitical risks and volatility in the global oil market.
Earlier in June, President Vladimir Putin appreciated the pace of restoration of the Russian economy. “The economy is restored, the real sector of the economy is restored,” the head of state concluded.
at the same time he stressed that COVID-19 pandemic has not yet ended, and its consequences are not fully overcome. Speaking of prospects, he recalled that last year the Russian economy showed resistance to external shocks despite all the difficulties.
According to the Ministry of Economic Development, in April, the growth of Russian GDP amounted to 10.7 percent in annual terms. At the end of the year, the Office predicts an increase of 2.9 percent.