The international rating agency Fitch Ratings has presented its Global Economic Outlook report. The organization has improved its forecast for the growth of the Russian economy this year to 4.4%, when 4.3% was previously expected. At the same time, growth is expected to slow down in the next two years – to 2.6%.
The agency also believes that inflation in Russia at the end of 2021 will reach 8%, since in 2022 it will drop to 4.4%, and in 2023 – to 4%. Experts also expect an increase in the key rate of the Central Bank in December 2021 to 8.25%.
Earlier, Fitch affirmed Russia’s long-term sovereign rating at BBB. The decision was made due to a rational macroeconomic policy, a geopolitical risk was noted due to reports of a troop build-up on the border with Ukraine.
About the macro forecast and the budget of the Russian Federation – in the material of “Kommersant” “Deputies supported the shield of the motherland.”
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