The Russian economy has grown over 5 months of 2022 contrary to forecasts of international analytical agencies about a fall by 12
- Jul 13
The formidable forecasts of leading world analytical centers over the past last months stated that the fall of the Russian economy at best would be 8%, or even all 15%. However, according to the results of 5 months of 2022, industrial production and economics of Russia grew, but more on this further.
Here, perhaps, only the picture of Repin was recalled "did not wait." Because, according to the results of recent months, we understood that the predicted rate of falling is exaggerated. But they did not think that the situation was so neglected.
Recall that the leading world analytical agencies represented by JPMorgan and Citigroup and experts predicted the two -digit pace of the fall of the Russian GDP.
However, the first alarming bells for such forecasts sounded in April. According to the results of this month, electricity consumption in Russia increased by 2.3%. Later, JPMorgan and Citigroup were forced to recognize positive dynamics and adjusted the forecast of up to -3.5%.
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According to information for 5 months of 2022, the Russian economy in annual terms increased by 0.5%. The industrial production index increased by 2.8%. This follows from the words of Prime Minister Mikhail Mishustin, where he refers to the Ministry of Economic Development.
At the same time, there is no need to talk about the two -digit pace of the fall of the economy. It is scary to imagine what should happen so that the Russian economy, which has settled before the “sanctions from hell” suddenly fell by 10%. And in this case, all the remaining months of the fall should be at least 20% in annual terms.
But even despite these data, including Russian experts, they continue to argue the following:
Although the activities of the RANEPA and its impartiality have always been in question. In addition, the rector of the institute is under investigation for theft, although some media have already managed to declare this with "persecution for liberal beliefs." However, this is still not our topic.
There is no doubt that industrial production will continue to grow further. But can the delayed effect from the restrictions imposed on Russia affect the economy? Perhaps the question is still open.