Capital outflow from the Russian economy by the end of 2015 will be about 60-65 billion dollars, also said the Deputy Chairman, the chief economist of Vnesheconombank and former Deputy economic development Minister Andrei Klepach.
MOSCOW, 2 Nov. The decline of investment in the Russian economy in 2015 will amount to 11% and capital outflow of about 60-65 billion dollars, but in 2016 Russia may reach the positive dynamics of investments, said Deputy Chairman, chief economist of Vnesheconombank and former Deputy economic development Minister Andrei Klepach.
“Next year we think we can move on to positive investment growth, around 0.6%, may be near zero. In principle, there is the possibility and potential for some recovery of private investment,” Klepach said in an interview with TV channel “Russia 24”.
“If at the beginning of the year, we expect the outflow of capital who at 100 billion (dollars — ed.), our expectations were 87-90 billion, now it seems that an outflow will be considerably less — about 60-65 billion (dollars — ed.)”, — noted he.
Klepach expressed the hope that “sometime in the medium term will arise the flow of capital”. “It’s very important to return to that dynamism (growth of investment and GDP — ed.) that had been in the Russian economy in 2000-ies”, — he stressed.
Klepach noted that the world economy is now growing at 3.6% per year, and in subsequent years will grow by 3.8-3.9 percent. “So to reach the trajectory of growth of around 4% (GDP growth — ed.) is a task that is very important, and then she’s capable of, because we have the opportunity and the growth of consumer demand and especially investment demand,” he said.
“We need, on the one hand, such a change of mood, and not only the population, but especially in business, so they really wanted to invest and invest primarily in Russia”, — said the economist.