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The Russian economy predicted “repulsion from the bottom” Russian news EN

Shokhin: the Russian economy in 2023 will push off the “bottom” and begin recovery

The next year 2023 could be a kind of “bottom” or plateau for the Russian economy, from which it can push off to start recovery, the head predicted Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhinhis words leads TASS.

The Russian economy is adapting rather quickly, he believes. “In the spring, we predicted a decline of 8 to 12 percent, inflation of 18 to 22 percent and unemployment at a minimum of 6.5 percent. However, the recession is (now) less than 3 percent, unemployment is at its historical low and inflation is better than in European Union in many countries,” Shokhin said.

He called for a transition from stabilization to economic growth. The head of the RSPP noted that in addition to traditional challenges (“semi-closed” due to COVID-19 China and sanctions pressure), there are also new ones – the likelihood of global stagnation and recession in the world economy.

Russia runs the risk of acquiring a “bouquet of economic and social problems” by the end of 2023, declared formerly businessman Oleg Deripaska. In particular, the businessman warned that due to the lack of timely solutions, problems with employment and incomes of Russians may arise.

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