°

The expert said, when the economy will return to pre-crisis growth rates

The Russian economy is the favorable development of the situation will come to the pre-crisis growth rate in the middle of next year, in the baseline scenario in the beginning of 2022, said in an interview with RIA Novosti General Director of rating Agency "Expert RA" Sergey Tishchenko.

According to Rosstat, the Russian economy grew by 2019 1.3%.

However, he noted that the government's plan for economic recovery is still quite conservative. "Tactics, namely, to wait until it becomes clear the scale of global disasters, and the ability of foreign governments to support their economies, and to stabilize the oil market was reasonable, but for the growth strategy of the current options are insufficient and slower, even against the background of falling interest rates," he explained.

The head of government of Russia Mikhail Mishustin in early June reported that in early June Russian President Vladimir Putin a national plan of action in the economy is being finalized based on the results of the sectoral meetings at head of state and of the Parliament.

The Minister of economic development Maxim Reshetnikov at the end of may reported that the Russian economy will return to pre-crisis level no earlier than the first half of 2022. The head of the Bank of Russia Elvira Nabiullina in June said that Russia's economic recovery will be gradual and will take several quarters.