Rosstat and business surveys. This dynamic continu cambodia telegram data until September. Probably, in the fourth quarter, the growth rates will decrease somewhat, including due to the fact that this recovery impulse is ending. Plus, of course, the tightening of monetary policy that we have implement over the past three months will begin to have an effect. Nevertheless, we proce from the fact that growth will continue in the fourth quarter. Next year, we also expect GDP growth, although more moderate than this year, given that this year’s figures include recovery growth.
You recently stat that the economic situation
is developing closer to the upper limit of the range of the GDP growth forecast for 2023 at 1.5-2.5%, but at the same time you maintain this range following the board meeting in September. Why did you decide not to raise the forecast or narrow the range by raising its lower limit?
The result of a comprehensiv
e discussion of the estimates that are being form for the third quarter and the fourth quarter. It is important to understand that the growth of domestic demand has been and is stronger than was reflect in the July forecast. At the same time, the export business management skills dynamics are rather weaker. This is due to the slowdown of the global economy and, accordingly, the ruction in demand for our export goods, with the continuation of sanctions restrictions plus our alb directory voluntary restrictions on a number of goods. Also, as I have already said, a more stringent direction of the monetary policy will also affect the dynamics of the fourth quarter.
