Economy Ministry will present today at the White House adjusted macroeconomic forecast for 2009, which first evaluated the consequences of devaluation for the industry and importers, the newspaper Kommersant. According to calculations Office Elvira Nabiullina, in 2009, imports declined by only 16.1%. Interviewed by the publication of economists believe that the reduction in imports can be great, and the process of import substitution could begin as early in the second quarter of 2009, but only if the Central Bank will be able to quickly revive the credit system and lower interest rates on bank loans.
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