The situation in the Russian economy remains challenging, but the worst fears have not materialized. About this at the Congress of the Association of Russian banks, said the Chairman of the Central Bank Elvira Nabiullina, RIA Novosti reported.
“The recession is not yet over, but the economy is already close to the point of stabilization,” she said.
She also said that the Bank of Russia expects GDP in 2016 to 1.3-1.5 percent with oil at $ 30. It is reported Rambler News Service.
Earlier on 7 April, the Minister of Finance Anton Siluanov said that Russia has experienced the most serious in a decade of economic shocks. He noted that the government and the Central Bank managed to reduce inflation and interest rates in the economy.
In 2015, the Russian economy contracted by 3.7 percent. Solenopotes the world Bank, in 2016, Russia’s GDP will fall by 1.9 per cent. The IMF expects to reduce by 1 percent.
