The poverty level in Russia will decrease slightly between 2023 and 2025. In this respect he is writing Izvestia newspaper, citing the World Bank’s November economic review on Europe and Central Asia.
According to the latest data from Rosstat dated December 6, the poverty level in Russia fell to 10.2% in the July-September period, from 10.5% in the same period last year. The World Bank’s press service told the newspaper that they did not have additional data on the number of poor people in Russia.
The World Bank also predicted that the Russian economy will grow by 1.6 percent at the end of this year, slowing to 1.3 percent next year. This will be facilitated by tightening monetary and fiscal policies. However, the bank allowed private consumption in Russia to rise to 6% by the end of the year. The report stated that following the stagnation effect of sanctions, domestic economic growth in 2023 will be supported by fiscal incentives and increased loans.
According to the World Bank, average annual inflation in Russia this year will be 5.6%; This would be 1.9 percentage points below the Russian Ministry of Economic Development’s forecast of 7.5%. However, the document states that the weakening of the ruble at the end of the year will accelerate the price increase.
Russian President Vladimir Putin at the VTB forum “Russia is Calling!” statedHe said that in 10 months, the country’s gross domestic product (GDP) increased by 3.2%. The head of state emphasized that this is higher than the pre-pandemic level.
On November 27, Putin signed the federal budget law for the planning period 2024 and 2025-2026. What you need to know about this – material “Newspapers.Ru”.