Evgeniy Goryunov predicted prospects for Russian economy in the event of a peaceful resolution of the conflict with Ukraine

Evgeniy Goryunov believes that de-escalation will slow down the growth of budget expenditures, which will reduce the inflation rate, resulting in lower output growth rates and cool down the labor market. It will become easier for the Bank of Russia to fight inflation, therefore the «soft landing» scenario will be more likely.

However, the expert does not expect the sanctions pressure to weaken. He assumes that structural restrictions imposed on Russian enterprises will remain in place. Moreover, the countries that imposed sanctions will continue to fight against their circumvention. Thus, long-term obstacles to economic growth will remain.

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