Russian Financial Sector Update
Bank of Russia RUSSIAN MACRO UPDATE
The Central Bank of the Russian Federation
ECONOMIC FORECASTS (2)
Baseline scenario*: medium-term outlook for the Russian economy
2017
Baseline*
USD billions
(estimate)
2018
2019
2020
Current account:
Trade balance
Exports
Imports
Balance of services
Exports
Imports
Balance of primary and secondary income
Capital account
35
85
47
32
115
166
129
115
353
425
390
384
-238
-259
-261
-269
-31
-31
-31
-31
58
58
65
66
69
-89
-96
-97
-100
-50
-51
-52
-49
0
0
0
0
Current account and capital account surplus
35
85
47
32
Financial transactions account (reserve assets excluded)
-16
-26
-12
-8
Public administration and central banks
13
4
3
4
Private sector (net errors and omissions included)
-29
-30
-16
-12
Net errors and omissions
4
0
0
0
Change in FX reserves (+ is for decrease, - is for growth)
-23
-60
-35
-24
*As presented in Monetary Policy Report No. 6 (June 2018)
Source: Bank of Russia
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