The head of the Department of civil initiatives, the ex-Finance Minister Alexei Kudrin believes that Russia's economy is in a complete crisis.
according to his forecast, the decline in GDP in 2015 will be stronger than the expectations of the Ministry of economic development and will be about 4%, RIA " Novosti ".



"We currently are in full-fledged crisis by all standards that exist," said Kudrin, speaking in the Federation Council." The pace of economic improvement according to information from the Ministry of economic development will be minus 2, 8%, that is, We will fall and currently are in a recession. But I think the fall will be deeper than about 4%, " He added." in the first half We see the plan, the expected strengthening of the ruble. In the 2nd half of the year will be Mild reduction. Soft - for a few cents, tens of cents, two or three rubles for six months, " - said Kudrin. He noticed that this forecast assumes that the conflict associated with Ukraine will not deteriorate and will not significantly change the cost on petroleum products. Before Wednesday, the OECD downgraded its GDP forecast for Russia in 2015. June 1, the world Bank (WB) has improved the forecasts for Russia's GDP in 2015-2016

sections: Politics