“GDP will drop by 4-6% in 2020,” the report said.
In the future, the recovery growth of the Russian economy is forecasted at 2.8-4.8% in 2021 and 1.5-3.5% in 2022.
As noted, the dynamics of recovery will largely depend on the scale and effectiveness of measures taken to mitigate the consequences of the coronavirus pandemic.
On April 24, the Central Bank lowered its key rate by 0.5 percentage points to 5.5% per annum.