Kudrin called the forecast for Russia's GDP growth very optimistic

According to him, even the June forecasts of the IMF and the Institute for Economic Policy named after

Gaidar was supposed to reduce Russia's GDP by 6.5-7% by the end of 2020, but currently the estimates are improving.

"Now the forecast is much more optimistic, the Ministry of Economic Development estimates a possible drop of 3.9%," Kudrin wrote in an article in RBC.

He notes that the estimates of the Accounts Chamber are in the range of 4-5%.

“But from next year and for the next three years, the Ministry of Economic Development expects a growth rate of more than 3% annually, which looks very optimistic.

If the rebound effect works in 2021, then we do not see any grounds for the same forecast for 2022–2023, such growth rates still need to be earned, "Kudrin added.

In the updated forecast, the Ministry of Economic Development has improved expectations for a decline in GDP this year to 3.9%.

In 2021, the economy is projected to grow by 3.3%, in 2022 - by 3.4%, in 2023 - by 3%.

At the end of August, the aide to the Russian president Maxim Oreshkin noted that the decline in GDP in 2020 is expected to be 4%.