Ministry of Economic Development made the outlook for the dollar to 75 rubles

Ministry of Economic Development in August presented a macroeconomic forecast till 2017.
The basic version of the ministry laid the oil price of 55-60 dollars for 2016-2018 years. Conservative option allows for the cost of $ 40 per barrel in the next three years. In this case, the recession could last until 2017. Then the dollar will exceed 75 rubles, and by 2018 will rise to 78 rubles.
In this scenario, the inflation rate will be 8.8 and 7% in 2016 and 2017. In 2018 it will reduce to 6%.
According to officials, Russia has accumulated a lot of liquidity, which is afraid to invest. However, in the future, it can help to renew the investment activity in the oil price of 55 or 60 dollars a barrel.
Officials point out that the budget 2016 should be to lay the oil cost $ 40. The Finance Ministry believe that this is the current reality, "Vedomosti" writes.