Ex-Finance Minister Alexei Kudrin on Thursday said that the Russian Federation in the next few years can greatly reduce its stake in the world economy, and in five or seven years to go in terms of economies of the second level.
"Russia in recorded history since 1992, this year has the lowest share in the world economy ", - said the member of the Presidium of the economic Council under the President of Russia, the radio station " Echo of Moscow ", reports news Agency.
"This year we have about 3% in the next two to three years we will move presumably to the level 2, 7%. This decline steadily because the average rate of increase we will have no more than 1, 5% in the next few years, " predicts economist. According to Kudrin, This means that the Russian Federation after five years or seven can go in terms of economies of the second level." Once we were the sixth largest economy, and once that has a chance to be, will become the 20th, and maybe get out of the first 20 economies in 20 years, if we do not have a higher rate of increase of 4-5% every year ", - summed up the ex-Minister, noting that the structural issues in the economy cannot be postponed. As reported by the print edition OPINION, Kudrin said about a full-fledged crisis in the Russian economy. 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%." 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 half a year, " Kudrin said, noting that this forecast assumes that the conflict associated with Ukraine will not deteriorate and will not significantly change the cost on petroleum products. First, the OECD downgraded its GDP forecast for Russia in 2015. The world Bank (WB) June 1, improved forecasts for Russia's GDP in 2015-2016

sections: Politics