Rosstat has estimated the fall of the Russian economy in 2015 3.7%

Moscow. On 25 January. Russia’s GDP in 2015 fell by 3.7%. Such a preliminary assessment published on Monday Rosstat.

This is slightly better than the last expectations of the Ministry of economic development, which estimated a decline in GDP for the year to 3.8-3.9 percent. In 11 months, according to the Ministry, the economy fell by 3.8%.

Earlier on Monday, Minister of economic development Alexei Ulyukayev told journalists that, in his estimation, in December GDP decline slowed compared with November, when cleared of seasonality, the index fell by 0.3%.

In 2016 the Ministry of economic development the current baseline scenario at $50 per barrel of oil (Ministry of economic development proposes to formally revise the base forecast only in April, although the Finance Ministry now proposes to consider the base scenario at $40 per barrel) expects growth in GDP of 0.7%. In the scenario of $40 per barrel, the Ministry predicts the decline of the economy, within 1%, in scenarios of $25 per barrel expects that the decline will not exceed the level of 2015, i.e. by 3.9%.