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    HomeRussiaThe head of VTB predicted a fall in Russia's GDP in 2022

    The head of VTB predicted a fall in Russia's GDP in 2022

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    Russia‘s GDP will decrease by 4 percent at the end of the current year. This was announced during the Eastern Economic Forum by the President and Chairman of the Board of VTB Andrey Kostin, reports RIA Novosti .

    He added that analysts are also counting on decline in 2023 by 1.5 percent. At the same time, economic growth is already expected in 2024. “In general, the level of 2021, we believe, can be reached somewhere in four to five years,” Kostin summed up. Russia‘s GDP will grow by 17 percent compared to 2021, and real incomes of the population will increase by 20 percent. The government expects to achieve maximum results through a socio-economic program, which began to be developed in July. percent. In addition, the version of the forecast currently under discussion assumes that deflation will end before the end of the year.

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