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The fall of the Russian economy – the Central Bank of the Russian Federation admitted that it could not stop the process

The Bank of Russia published data on the fall of the Russian economy in the second quarter of 2022 at the level of 4.3%. The regulator expects that in the third quarter the decline in Russian GDP will deepen to 7%. This is stated in the forecasts of the July report of the Central Bank of the Russian Federation on monetary policy, reports Interfax.

Annual inflation in the third quarter, according to the Russian Central Bank, will be 14.5%.

At the same time, the Central Bank of the Russian Federation updated the forecast on July 22, slightly improving expectations for a fall in GDP in 2022 to 4-6% from minus 8-10% in the April forecast.

Also, the Central Bank’s forecast for inflation in the Russian Federation for 2022 has been reduced to 12-15% from 14-17% expected in June.

Read also: The fall in GDP in Ukraine began to slow down

It was reported that, according to Yale University, Russia’s economy is “completely mutilated”, the countdown is ending.

In the Focus edition, Putin is trying to put the Russian economy on a “war footing”. However, this won’t help.

Recall that the World Bank predicted a fall in Russia’s GDP by 11.2%.

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