Russia will enter the five largest economies in the world in 2022

Moscow, February 3 – “News.Economy.” Russia will overtake Germany in terms of GDP, and in 2022 will be included in the five largest economies in the world, according to a new forecast of economic development.

Photo: TASS.

on Friday, the Ministry sent out a macroeconomic forecast for interagency coordination.

At present, Russia occupies the 6th place in terms of GDP at purchasing power parity (PPP) according to IMF estimates. According to previous forecasts, moving from 6th place in the list of the largest economies in the world at 5th place had to happen in 2023.

“accelerating the growth of the economy will allow Russia to bypass Germany in terms of GDP at PPP (purchasing power parity – if) and starting in 2022, to reach 5th place in the list of largest economies in the world”, – stated in the document.

In 2021-2022. the Ministry expects acceleration of growth in GDP to the level of 3.1-3.2% from 1.9% in 2020, In 2023-2024. the growth forecast made at 3.3% annually.

One of the tasks to 2024 the President in his may decree put “joining the Russian Federation among the five largest economies in the world, providing economic growth above the world while maintaining macroeconomic stability, including inflation at the level not exceeding 4%,” said the Agency “Interfax”. Text: News.Economy