Has been talking about that a couple of years Russia will face a recession. In 2020 the GDP growth will fall by 2%, while inflation currently stands at about 8%. These data were published by the Central Bank of Russia in the document “Main directions of unified state monetary policy for 2020 and the period 2021 and 2022”. Such movements will be associated with the EU sanctions and the difficult international economic relations.
Despite the fact that Russia bombarded the new sanctions, the figures are omitted due to the fact that the growth rate of the world economy is also falling. Due to trade disputes between the US and China, the approach of cyclical recession in Russia becomes more obvious, expect a delayed recovery.
Central Bank expressed his views thus: “the inflation forecast in the risk scenario assumes short-term but significant increase in the annual inflation rate to 7-8% in 2020 (in 2019 – 4-4,5%). The main factors that will be the weakening of the ruble and the growth of the exchange rate and inflation expectations", – the document says.
"Estimated under risk scenario the deterioration in the external environment from the beginning of 2020 (including a noticeable decline in external demand) will cause economic recession in 2020, in which the growth rate of GDP by the end of 2020 will amount to minus 1.5% to minus 2% after a 0.8-1.3% in 2019"
Only in the North-Western Federal district were recorded 72% of the counterfeit banknotes in denominations of five thousand Russian rubles. Further, there is a falsification of banknotes in denominations of one thousand rubles, or approximately 21% of all counterfeit money. However, the denominations of two thousand fake where less is 4.5% of all counterfeit money in Russia.