Russia’s gross domestic product (GDP) volume will decrease by 1.5% at the end of the current year and by another 0.4% at the end of 2024. It is assumed that negative dynamics in March will be 2.1% and 0.5%, respectively. reported In an updated forecast by analysts at the Organization for Economic Co-operation and Development (OECD).
At the same time, the OECD forecast for November 2022 was even more negative. At that time, the organization’s employees assumed that Russia’s GDP would fall immediately by 5.6% in 2023, but only by 0.2% in 2024.
“Russian economy will shrink by 1.5 percent this year and 0.4 percent next year” <…> Global economic growth will slow to 2.7% this year, after 3.3% in 2022. Global growth will accelerate to 2.9% next year”.
May 20, agency RIA Novosti, based on data from the International Monetary Fund (IMF) reportedGross domestic product (GDP) per capita in Russia at the end of 2022 amounted to 15.44 thousand dollars, and this figure approached the record level of 2013, which was 15.93 thousand dollars.