(Boursier.com) – The Russian Finance Minister has unveiled some economic forecasts for next year. Anton Siluanov was quoted by Russian news agencies, appears primarily optimistic regarding the currency crisis. According to him, the ruble crisis is just over!
Towards a fall in GDP?
He believes, however, that if a barrel of oil remains at its current level, around $ 60, the Russian economy could fall by 4% in 2015. The country’s budget deficit is clear from his side to 3% next year. The Minister said that budgetary efforts may be necessary, particularly in the defense sector.
A leaded economy …
For the record, the Russian economy was leaded these recent months by Western sanctions imposed on the country as part of the Ukrainian crisis, the oil price fall and the recent plunge of the ruble. The level of the country’s foreign exchange reserves and displays a particularly low level, while annual inflation recorded a double-digit growth.
Support measures
The Russian central bank announced several support measures to prevent some financial institutions will go bankrupt. The bank has also recently risen sharply interest rates (from 10.5 to 17%) to stop the fall of the ruble, increasing at the same time the cost of credit to households and businesses.
Suspicion Standard & amp; Poor’s
Standard & amp; Poor’s placed there a few days the sovereign rating of Russia under review with negative implications. Russia is rated “BBB-” by the agency.
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