The main economic events of the year can be called the sovereign credit rating of Russia was attributed to speculative grade, the budget deficit increased sharply, and the “hole” in it had to be waterproofed with the freeze of pension savings and income from exchange rate differences.
MOSCOW, Dec 14. The results of the outgoing year the Russian economy can be described with a single word “minus”: the GDP went into deep recession amid the devaluation of the ruble and low oil prices, sovereign credit rating of Russia was attributed to speculative grade, the budget deficit increased sharply, and the “hole” in it had to be waterproofed with the freeze of pension savings and income from exchange rate difference, obtained oil and gas companies.
Meanwhile, the economy has proven that the authorities, promising a speedy return to growth, not looking at the situation through “rose-colored glasses”: the actual position was better than expected by the government. This, in particular, noted the Bank of Russia and Ministry of economic development, significantly decreasing in December, the annual forecasts for capital outflows. In the third quarter for the first time in five years was recorded a net inflow of capital into the country.
Chronicle of a diving ruble
The survey
Do you think at what level to stabilize the ruble against the dollar?
- the dollar will grow
- 50-60
- 40-50
- the dollar will return to pre-crisis levels
- I don’t have the $ for all I care
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