Page 25 - RusRPTMay19
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Real wages
Current account, $ bn
Budget deficit, % of GDP
RUB/USD (avr) RUB/USD (EOP) Brent $ / bbl (avr) CBR rate
Source: Rosstat, BCS GM
1.3 -9.5 0.6 2.9 59.5 69.6 25 35.2 -0.4 -2.5 -3.4 -1.4 38.4 61.1 67.1 58.3 56.2 72.9 60.7 57.6
99 52.4 43.6 54.3 17 11 10 7.75
6.8 0.9 114.9 22.3 2.7 2
62.7 66.6 69.5 65.9 70.8 60.3 7.75 7.75
3.1 2.8 105 85 2.1 2.3
62.9 63.3 61.7 64.2 75 78
7.5 6.75
3.2 Macro outlook
Russia’s gross domestic product (GDP) growth will speed up and stabilize at around 3.1% per year in 2020–2036, the Finance Ministry said in a budget forecast until 2036 released on April 1. Under Russia’s baseline scenario of social and economic development, on, which the budget forecast was based, global economic growth will fall to 3.2% until 2024 and to below 3% after 2024.
25 RUSSIA Country Report May 2019
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