Evgeny Goryunov, Head of the Monetary Policy Department at the Gaidar Institute, commented for Finam.ru on the Ministry of Economic Development’s updated macroeconomic forecast, noting that the downward revision of expectations reflects the current economic reality.
According to the expert, in recent years, Russia’s Ministry of Economic Development has regularly adjusted its estimates, shifting toward more cautious scenarios. Goryunov believes this trend indicates an effort to bring the forecast closer to the actual economic situation amid persistent inflationary pressure, a high key rate, and slowing growth.
“The Ministry periodically revises its forecasts, and recently these revisions have been downward. The new version seems more plausible. The new forecast shows a quite reasonable shift toward pessimism,” noted Evgeny Goryunov.