About past, present and future of Ukraine

Main War — The Russian Federation admitted that the crisis is inevitable

War

The Russian Federation admitted that the crisis is inevitable

09 Jan, 2023
158
The Russian Federation admitted that the crisis is inevitable

Share this article


The Russian Federation admitted that the most pessimistic scenario implies a crisis in case of a structural downturn in the global economy.

As a result of a full-scale Russian invasion of Ukraine, the economy of the aggressor country is in for a serious crisis.

Experts from the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF) predict several options for the fall of the Russian economy, according to the Russian media of Vedomosti.

The most favorable option, according to analysts, is activism. It is possible, provided that the global economic growth rate remains at the level of 3 %, while energy prices remain relatively high. In this case, Russia's GDP in 2023 will move to growth, but by the end of the year, it will still fall within 2 %.

The most pessimistic scenario implies a crisis in case of a structural downturn in the global economy and under the condition that sanctions are lifted slowly. According to analysts, this scenario assumes a more than 6 % decline. In addition, such options as the "second 2010s" and a crisis without isolation are also possible.


The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...