As noted on the regulator's website, in addition to the baseline scenario, three more scenarios are being considered: "Strengthening the pandemic", "Global inflation" and "Financial crisis".
The latter scenario states that "the financial crisis will lead to a decline in the Russian economy in 2023 by 1.4-2.4%."
“The recovery will be protracted and will last for several quarters, but by 2024 the growth rate of the Russian economy will reach 3-4%.
At the same time, a return to the level of 2022 will occur only by the end of the forecast horizon (2024), ”the document says.
Earlier, the Bank of Russia reported that "in July 2021, annual inflation decreased by 0.04 percentage points to 6.46%."
The head of the Central Bank Elvira Nabiullina said that inflation in Russia will become a long-term phenomenon.
According to her, the Central Bank will continue to pursue a tight monetary policy.