After the protracted crisis of 2014, the Russian economy has undergone great changes - this is observed not only in terms of GDP, but also in the standard of living of the people. Presidential elections await us soon. What awaits the Russian economy in 2018?
A few years ago, the Russian economy was growing by 5-8 percent annually, this was before the 2008 crisis, after which the growth of the Russian economy slowed down significantly. This is due to the unstable political situation in the country and low oil prices. Yes, yes, no matter how much politicians say that Russia has begun to get off the oil needle, the economy is still heavily dependent on oil prices.
In 2015, Russia's GDP fell sharply, which continued in 2016. We all know what factors influenced the sad state of affairs in the country's economy. Time goes on - 2017 has already passed, which showed quite positive results - 1.5% growth in nominal GDP. The oil price rose from $ 45 to $ 65 per barrel.
Russian economy 2018 forecast
For several years, United Russia has promised not raw materials, but a qualitatively different economic growth. We had to break away from oil and start growing in other industries - automotive, pharmaceuticals, agriculture, etc. This task is being fulfilled very slowly - no matter how hard the government tries to support domestic large-scale production, Russia's dependence on energy is strongly felt. Many economists warn that only if the price of oil rises, the Russian economy will grow.
Expert opinions. Russia's GDP for 2018
The Center for Strategic Research made a forecast for the Russian economy for 2018, saying that GDP growth would be in the region of 1.8-2.7%, while the Bank of Russia gave only 1.5%. Other sources claim that the Russian economy will grow by 2% in 2018, but only on the basis of current oil prices.
Latest news Russian Economy for 2018
In my opinion, the weakening of the dollar pushed the CBR to cut the interest rate by 2% - from 9.75 to 7.75. Most likely, this will lead to positive consequences for the economy. Many experts argued that a weaker ruble would have a good impact on the Russian economy. Also, the upcoming elections will affect the well-being of people - since January 1, 2018, the minimum wage has been raised to 9,489 rubles. There are also plans to raise it by another 2 thousand - up to 11,163 rubles already from May 1, 2018. Vladimir Putin spoke about this at the beginning of January this year. All this is done to support the authorities.
