The Russian Ministry of Economic Development published updated forecasts for the performance of the national economy in 2023, and the representative of the ministry said that the current ruble decline was taken into account in the ministry’s forecast for the current year.
“Yes, we have this in mind (the decline in the ruble in forecasts). I can mention the fact that this weakness has not yet been transmitted directly to prices, most likely inflation will accelerate in the second half of the year,” the ministry spokesman said.
He added, “Inflation will reach its lowest level in the coming months, given the primary impact last spring, when prices rose amid significant demand for commodities.”
The following are the forecasts of the Ministry of Economic Development for the year 2023:
GDP growth of 1.2%.
Increase real wages by more than 5%.
– The average dollar exchange rate will be 76.5 rubles
– Inflation at 5.3%
This article was originally published by RT.
