Former Finance Minister Alexei Kudrin believes a 3 to 4 percent decline in the country’s economy in 2013 is very likely, even though the authorities expect gross domestic product to increase next year by 3.8 percent.
Kudrin said it would be necessary to tap special support packets for the economy only if GDP fell by over 3 to 4 percent in annual terms. Kudrin said a 3 to 4 percent decrease in GDP would not be “critical.” “This is an unavoidable development during a cyclical crisis,” he said.
(MT)
… we have a small favor to ask.
As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.
We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.
Continue
