Ministry of Economic Development has recognized the decline of Russia's GDP in 2009.

SyuzhetyIzmeneniya in the budget for 2009-2011 gody20.01.2009Putin instructed to change the budget because of falling prices for neftV 2009, Russia's economy to shrink by 0.2 percent. The statement was made by Deputy Economic Development Minister Andrei Klepach, RIA News. Earlier in the Ministry believed that Russia's GDP in 2009 to grow by 2.4 per cent, despite the global financial crisis.
In mid-January, Prime Minister of Russia Vladimir Putin has instructed relevant authorities to change the parameters of a three-year budget for the 2009-2011 year, based on new macroeconomic projections. The government believes that in 2009 oil will cost 41 dollars per barrel, not $ 95 as budgeted.
In late 2008 the Ministry of Economic Development has developed a new makroekonicheskie projections for 2009. Then, officials assumed the average cost of oil at 50 dollars per barrel. It is for this forecast is that Russia's GDP will grow by 2.4 percent.
According to new calculations MEDT, promproizvodstvo in Russia fell by 5.7 per cent inflation for the year amount to 13 per cent, while the dollar will average at 35.1 rubles. The average monthly wage in Russia fell for the year at 2.7 percent, said Interfax.
Earlier, sources of business publications have reported that the Ministry of Finance insisted that the budget review, based on 32 dollars a barrel. Nevertheless, the government decided to take a more optimistic version. In January, oil prices on the world market were in the vicinity of $ 40 per barrel.
In recent months, in 2008 Russia's GDP growth slowed significantly. For example, in November 2008 compared with the same period a year earlier, it was only 1.6 per cent, and on the basis of 11 months - 6.5 percent. In doing so, without taking into account the seasonal factor of Russia's GDP declining from July 2008.
January 20, its forecast for the economy of Russia in 2009 and gave the European Commission. The European regulator believes that Russia's GDP, not only did not diminish but increase in the current year's percentage.