Economists expect growth of industrial production in the RF in December by 4.1%

According to the prognosis of economists interviewed by Interfax, by the end of December, the amount of Russian industrial production increased by 4.1% compared to the previous year. Inflation attains 0.7%. Earlier, the Russian Federation Statistical Office reported retardation in the percentage of GDP growth in the 3rd quarter to 4.3% from 10.5% in the 2nd quarter. Economists deem the retardation in economic increment maintained in the previous quarter of the year. They forecast a 3.8% rise in gross domestic product for the fourth quarter. In general, over the year, the Russian economy proved an increase of 4.4%, which almost coincides with the estimates of the Ministry of Economic Development and the Central Bank. As for the prognosis for 2022, opinions vary here. The surveyed economists anticipate an increase in Russia’s GDP in the subsequent year by only 2.4%. At the same time, the Ministry of Economic Development and the Central Bank predicted an economic increment by 3%. The survey participants deem that by the end of the current year, it may decline to 5.1%. The Central Bank of Russia predicts a decline in inflation in 2022 to 4-4. 5%.

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Arseny Kudrin

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