The Russian Ministry for Economic Development has evaluated the world crisis with oil prices at $60 per barrel. Devaluation in Russia would not be as bad as it was in 2008-2009, they conclude. Russian Prime Minister Dmitry Medvedev ordered forecasts of socio-economic development for 2013-2015, Finmarket reports.
The financial crisis of the eurozone would continue in 2013. Global economic growth rate will be 3 to 3.5% in 2012, 4% in 2014-2015, 3.4 to 4.7% in Russia in 2012-2015.
The GDP of the eurozone may drop to 0.6% in 2012 and 1% in 2013. The world economic growth rate in 2013 will drop to 2.5%. The eurozone may regain 0.3 to 0.7% in 2014-2015, 3.7% in 2015. Oil prices may drop to $80 per barrel in 2012-2013.
Russia's economic growth rate in 2013 may drop to 0.5 to 2.1%, then reach 3 to 3.7% annually. The dollar rate in 2013 will total 37.2 rubles, inflation will reach 8.6%. Growth of income in the country will total 1%. Budget income may total 150-300 billion rubles (0.3% of GDP).
Another forecast says that European GDP may drop to 2.8% in 2013. It will improve in 2014. The world economic rate may total 1.2% in 2013 and over 3% with improvements in the USA and BRICS.
Oil prices may drop to $60. Income from exports may drop by 31%. The dollar rate will increase to 45.9 rubles. Russian GDP will drop by 22.7%. The economic growth rate may total 2 to 4%. Income may be under 1.1 to 1.2 trillion rubles (1% of GDP).
