According to her, this year by 6-10% compared to the year 2019 will be reduced and also investments in fixed assets. “Financial resources will primarily be aimed at restoring current activities. The uncertainty of the future internal and external demand will curb investment plans”, – said Nabiullina.
She said that the decline in production and investment will limit the opportunities for income growth, there will also be a reduction in consumer demand. Support the economy, particularly the most affected sectors, will have action taken by the government and the Bank of Russia, Nabiullina expects.
Economic growth in 2021 or 2022 will largely have the nature of the recovery, according to the Central Bank. “We are forecasting an increase in GDP by 3-5% in 2021 and 1.5-3.5% in 2022. Contribution to GDP growth will also contribute the implementation of national projects”, – said Nabiullina. In General, the normalization of the situation in the economy will be gradual, according to the Central Bank.
