The Russian economy dragged into recession by 2 factors - firstly, the fall in oil prices, and secondly the punishment, but the efforts of the government and the Central Bank will make a positive contribution to the process of normalization of the situation, believes the Director of the permanent mission of IMF in Russia Bikas Joshi.
review Joshi, which he expressed in audioblog the IMF, " in a recession the country has tightened two different shock ", but the most damage has brought the economy falling oil prices, which " gives 50% of the revenue budget." The second shock is even more worsened the situation in the economy - punishment because of the events in Ukraine.
"Both shock led to an outflow of investments From a huge market," says the specialist. However, according to his statement, the damage of punishment is More acutely felt and Ukraine, whose Economy " has deep historical ties With Russia ".
Mixed reaction to economic stability specialist has assessed depreciation of the national currency. On the one hand, it led to the fall of funds coming inhabitants, And return - to increase the attractiveness of the Russian market for investors due to the decrease in the value of the national currency against the Euro and the dollar.
specialist IMF to normalize the situation in Russia makes recommendations to the Central Bank to continue the regulation of the currency market, using market mechanisms, the government advises to improve the business environment, to strengthen ties With neighbors on the Eurasian economic Union. And to resolve the issue in the budget, and demographic problems, and by increasing the age of retirement.
All these efforts will lead to positive changes, he said. The IMF has improved in July, the forecast for Russia's GDP in 2015 to decline to 3, 4% expected in April 3, 8%, but downgraded the growth forecast for 2016 to 0, 2% 1, 1%.