The Russian economy has managed to adapt to external risk factors and become less vulnerable, including to the dynamics of oil prices, the probability of which in coming months is not ruled out, said the chief economist of the Eurasian development Bank (EDB) Yaroslav Lissovolik.
Lissovolik noted that in recent months the ruble has stabilized sufficiently serious, the price of Brent crude also fluctuate within a certain range of 45-50 dollars per barrel. However, despite this, there are several factors which can affect the dynamics of oil prices to the downside, RIA Novosti reported.
“One of the key risk factors — the rate the fed and the possibility that in December she will be promoted. In addition, the second factor is the action by the OPEC countries. And if at the end of November efforts to support prices and production cuts will not bear fruit, it can also be a certain negative trigger for the oil market”, — said the expert.
“Overall, I think we can agree that on the horizon the next few months looming these risk factors, but I think we have already passed a certain period of adaptation. And I think that this kind of amplitude that we saw at the end of last and during this year, we are unlikely to see. I think that the baseline scenario for markets — a corridor of 40-50 dollars per barrel or even higher”, — said Lissovolik.
“In these conditions it is possible to say that the Russian economy is less vulnerable to such shocks. In addition, we must recognize the fact that the Russian economy from the point of view of the impact of falling oil prices was slightly adapted. And the repetition of such a negative scenario for financial markets and overall for the entire economy becomes less likely”, — he concluded.
