Labor shortages could mean Russia’s GDP growth could slow. About this “Lente.ru” stated Chief Economist of Alfa-Bank Natalia Orlova.
“It will be quite difficult to keep growth rates above 2 percent for several years in a row. This is because we have a huge labor resource shortage,” Orlova said.
According to him, it is likely that this problem was taken into account in the estimation of the Ministry of Economy, for example due to the increase in immigration.
He added that the risks of the impact of the sanctions on the country continue. While there has been some hesitation regarding the sanctions, it is still too early to tell whether their swaying is over. However, this year, the situation in the country’s economy is developing much better than last year’s forecasts.
Earlier on Monday at the Russian Ministry of Economic Development declarationThat in 2026 the growth of the Russian economy should be 2.8%. It is stated that the partial recovery in consumer demand driven by rising wages will be the main driver of growth.