In 2023, the difficult situation that developed in the markets towards the end of last year will continue to affect the Russian economy. About this “Rossiyskaya Gazeta” declaration TeleTrade Principal Analyst Mark Goykhman.
“A negative impact is expected for the hydrocarbon production and export sectors in connection with the embargo on offshore supply oil to the EU and subsequently on petroleum products,” Goykhman said.
According to him, some difficulties arise with the purchase of technologies, equipment, materials, components. All this creates certain difficulties for domestic production.
In order to maintain the expenditure-income balance in the budget, there may be an increase in taxes, an increase in the dividend payments of public institutions and an increase in borrowings in the domestic market. But despite serious difficulties, the country’s economy will not collapse. In particular, there is a sufficient amount of reserves and opportunities to mitigate the particularly serious effects of adverse factors.
January 10 TASS, with reference to statistical data from the World Bank (WB) report knowledgeableThat Russia’s gross domestic product (GDP) will decrease by 3.3% at the end of the current year. In 2024, the country’s economy is expected to grow by 1.6%.