The Ministry of Economy expects a decline in investment in Russia within 2%

The Ministry of Economy expects a decline in investment in Russia within 2%


The Ministry of Economy predicts that in 2022, investment in fixed assets in Russia will decrease by 2%. In 2023, they will also continue to decline, said the head of the department, Maxim Reshetnikov, at a meeting of the Federation Council Committee on Economic Policy.

The Minister said that in the second quarter, investment activity increased by 4%. According to him, investments have grown "contrary to the estimates of many, and, frankly, to our expectations in many respects." However, according to Mr. Reshetnikov, in the second half of 2022, “it is unlikely that it will be possible to contain the positive dynamics” of investments. “We expect some decline in the whole year, but I think that it will be within 2%, which, given the current situation, is very, very good,” says Maxim Reshetnikov (quoted by Interfax).

In 2023, a “recovery process” is expected, but, according to the department’s calculations, investment activity will still be “in a slightly negative zone.” “From 2024 — resumption, after all these designs and new inputs for the economy, we expect an increase in investments, while this growth will outstrip the growth of gross domestic product, since we expect, of course, due to investments,” the minister added.

At the end of August, the Ministry of Economy, together with other departments developed scenario for the development of the Russian economy until 2030, the main task of which was to adapt to the new sanctions conditions. By expectations First Deputy Prime Minister Andrei Belousov, the decline in GDP in 2022 may be more than 2%, inflation - 12-13%, and the fall in investment will not exceed 2%.

On the dynamics of the economy - in the material "Kommersant" “Demand is not enough even for supply”.

Laura Keffer



Source link