International experts have acknowledged the end of the recession in Russia

Analysts of international rating Agency Moody’s improved the Outlook for the Russian banking system c negative to stable. They estimate that currently Russian economy is showing signs of slow recovery, which should have a positive impact on banks, reports RIA “Novosti”.

“Macroeconomic indicators stabiliziruemost, and it will improve for the banks operating environment,” said Vice President, senior credit analyst at Moody’s Irakli Pipia.

The Agency expects that this year the Russian economy will shrink by only 1%, and in 2017 will show an increase, which contribute to the stabilization of energy prices and strong government incentives.

At the end of October that the Russian economy seems to be beginning to come out of hibernation, said the influential rating Agency Fitch. Policy of the Russian authorities in response to the sharp drop in oil prices, analysts have called a “consistent and reasonable”. According to them, this became the signal for the revision of the Outlook on the sovereign credit rating of Russia from negative to stable.

“Russia is wisely used a variety of tools — flexible exchange rate, inflation targeting and fiscal consolidation, which allowed the economy to adapt to a gradual return of domestic confidence,” the report said.

Bloomberg experts appreciated last year’s decline of Russia’s GDP rate of 3.7%. This year economists expect the decline is far less significant — at the level of 0.6%. In 2017, the consensus of the Agency predicts an increase of 1.3%.

The same dynamics of the Russian GDP is expected in one of the largest financial services providers in Central and Eastern Europe, Austrian Erste Group. In the October report indicates that the prospects of economic development of Russia has improved significantly. Assessment of the financial group, the exit of Russia from crisis contributes not only to stability in oil prices, but also the adjustment of economic policy.

In October, about the improvement of the economic situation in Russia and said the International monetary Fund. This year, analysts promised the Russian economy a decline of 0.8%, and in 2017 already a 1.1% growth.

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