“In the third quarter, we expect the start of recovery growth, which will continue in 2021, but in one quarter, neither the global nor the Russian economy will return to the state before the pandemic. Therefore, the annual growth rate will remain negative for us until the first quarter of 2021, ”RIA Novosti quoted Nabiullin as saying.
According to her, the regulator expects that in this period the economy will begin to return to the pre-crisis level.
Earlier, Elvira Nabiullina said that at the moment, the regulator is not going to sell its gold reserve.