Baku - APA-Economics. The Gross Domestic Product in Russia will drop 0.8% in 2015, Minister of Economy Alexei Vedev said.
He noted that Russian economy will face crisis from the first quarter of next year. Therefore, Vedev said, the economy will grow in 2016.
Department head Kirill Tremasov noted that Russian economy may collapse in the middle of the next year: “After this, it’s possible to speak about growth”.
The Ministry forecasts that net capital outflows from Russia are set to surge to $125 billion this year. This figure will make $90 bln next year.
Inflation for the end of this year is 9%, for next year 7.5%.
According to forecasts, Western countries’ sanctions will be valid up to end of 2015.
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