Nabiullina: the Russian economy is waiting for three difficult years

The Chairman of the Bank of Russia Elvira Nabiullina said that the next three years will be difficult for the country’s economy, reports TASS.

The money is there!

She said this at a joint meeting of relevant committees of the state Duma.

According to Nabiullina difficult to be both external and internal conditions; therefore it does not expect any significant restructuring of the economy or its growth potential. The economy will grow no more than 2%, barring structural changes, I’m sure Elvira.

The economy, she said, starts “to find a new model of development”, and the task of the Central Bank to support this process and to create conditions for forming domestic sources of investment.

Also Nabiullina said that economic recovery in Russia may be delayed, in contrast to “fast” the crisis of 2008-2009. Central Bank expects a slight GDP growth in the next year.

Also the head of the Central Bank believes that oil prices will remain at $40 per barrel during the same three years.

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