Support The Moscow Times!

Kudrin Expects GDP to Dip

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)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.