S&P Global Market Intelligence analysts believe that it will take 10 years for the Russian economy to recover to the level of 2021 after the introduction of sanctions restrictions on the country.
It is reported by RBC, which had at its disposal the forecast of S&P Global Market Intelligence.
Experts believe that this year the fall in GDP will be 11.1%, by 2023 it will slow down to 1.9%, and in another year the Russian economy will go into growth – by 1.6%. According to analysts, by 2026 Russia’s GDP will increase by 1.9%.
According to the forecast, this year inflation in Russia will be 17.8%, in 2023 it will slow down to 10%, and by 2026 – to 4.6%.
S&P Global Market Intelligence also made a forecast for the Ukrainian economy. Analysts believe that this year the country’s GDP will decline by 45.7%, but in their opinion, the recovery of its economic indicators, in their opinion, will take much less time than in the case of Russia – according to the forecast, the Ukrainian economy to the indicators before the outbreak of hostilities already five years later.
S&P Global Market Intelligence’s forecast of a contraction in Russia’s and Ukraine’s GDP in 2022 is not much different from what the World Bank expects the economies of the two countries to fall. Meanwhile, the World Bank believes that the Russian economy will recover faster and will show GDP growth of 0.6% already in 2023.
