In 2020, Russia will lose 10%-11% of its GDP and will be able to recover not earlier than in 2023, McKinsey consulting company says.
According to economists, the global economy will fall by over 5% this year.
At the same time, the Russia economy has a chance to avoid a serious recession: in the best-case scenario, it will lose 3.8% of GDP in 2020. In the worst-case scenario, its GDP will lose 10%-11%, RBC news agency reports.
In the basic scenario, the country’s economy will return to the pre-crisis level in 2021. If the worst-case scenario comes true, it will only happen in 2023.