Understand their intentions regarding economic policy, and so denmark telegram data that the government understands the logic of our actions. The discrepancy in forecasts is due to some difference in judgments regarding both external and internal factors.
If we talk about GDP, a significant element of divergence
We have a more cautious view on the growth rate of exports – to a greater extent non-raw material, non-energy exports – for the coming three years. We proceed from the fact that under the sanctions, it will be difficult to quickly increase exports. The second point, which the government and the Ministry of Economic Development also noted, is that their forecasts assume a significant increase in the labor force. If this happens, then the economy will have room for higher potential growth, all other things being equal. We do not include this in our forecasts. Our baseline forecast is, in principle, quite close to the conservative forecast of the Ministry characteristics of early-stage startups of Economic Development. There are also discrepancies there, but they are not very large.
The government has slightly higher inflation
forecasts for this year (7.5%) and next year (4.5%), and then 4%, that is, our target level. We proceed from the fact that inflation alb directory this year will be 6-7% and, given the policy being pursued, it will return to 4% next year.
