BOFIT Viikkokatsaus / BOFIT Weekly Review 2015/26
Most expect inflation to slow a bit better than in their earlier forecasts, but this has not lead to across-the-board alleviations in expectations of the drop in private consumption. The forecasts of the economy ministry, the CBR and Consensus Economics see private consumption declining around 6 % this year. Estimates of the expected decline in investments have become milder, even if the differences among forecasters remain quite large (e.g. the three above-mentioned forecasts see drops ranging from 5 % to 11 %). The economy ministry and the CBR now foresee the volume of goods and services imported to Russia will not drop by a third in 2015, but rather by 22–25 %.