Russia will give way to Indonesia in terms of purchasing power – the IMF forecast

The aggressor country's GDP is also shrinking.

Due to sanctions, consumer demand in Russia is reduced to In 2024, Indonesia will overtake Russia from the world's six largest economies in terms of purchasing power parity. This is stated in the forecast of the International Monetary Fund, according to Russian media. 2.52%.

Read also: The Central Bank of Russia has published a forecast of analysts with a significant decline in the country's economy

According to with the forecast of the Central Bank of, inflation in 2022 will be at 22%, falling GDP (economy) – 9.2%, the average annual dollar exchange rate – 90 rubles. That is, even in Russia this year do not expect stability.

The head of the Central Bank of Russia Elvira Nabiullina said significant economic problems in Russia in the second or third quarter of this year : “The period when the economy can live on reserves is limited. And in the second and third quarters we will enter a period of structural transformation and the search for new business models,” she said.

Based on materials: ZN.ua

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