According to Reuters December 24 reported that the latest survey shows that the Russian economy in 2013 is now forecast growth rate is less than half the expected beginning and in 2014 the weak economic involvement in investment and consumer demand fell, its growth may only slightly improved.
The results Reuters survey of 15 analysts, this year's gross domestic product (GDP) may grow only 1.4 percent in December last year, when analysts expected to expand 3.2%. Analysts even pessimistic view of the economy next year than the government that grew by only 2.0 percent, the Ministry of Economy of the estimated growth of 2.5%.
Russia's economy slowed sharply this year, reflecting the serious structural problems. Analysts and government officials said the problem undermined its long-term growth potential. Inflation remains above target, early next year will continue to be a problem, so that the Russian central bank is unlikely before the second quarter to cut interest rates to stimulate the economy.
In addition, analysts expect the inflation rate of 6.4% this year, will slow to 5.2 percent next year. This year the central bank had forecast the inflation rate below 6 percent, but the food (market area) prices rose unexpectedly, causing the inflation rate exceeded the target. Therefore, the respondents analysts believe the second quarter will it be possible to cut interest rates.