Reviewing economic forecasts regarding the situation in Russia has already become a common practice for international organizations. Therefore, the Ministry of Economic Development (MED) commented on the recent revision of the IMF’s GDP forecast of Russia from 1.1% to 2.6%. TASS.
According to the Ministry of Economic Development, this is due to the high resilience of the Russian economy to external challenges. The country is undergoing a structural restructuring process aimed at creating a supply-side economy “based on private investment and domestic demand.”
The Ministry of Economic Development will present its own economic development assessments within the specified time frame within the framework of the 2025-2027 forecast. This year, the ministry expects GDP growth to be 2.3%, while the Central Bank expects it to be 0.5-1.5%.
In mid-January, head of the Ministry of Finance of the Russian Federation Anton Siluanov reported > He emphasized that his department increased Russia’s 2023 GDP growth forecast to 3.5% and that positive dynamics should continue.
In turn, Minister of Economic Development Maxim Reshetnikov also announced that after recalculation it is possible to increase GDP to 4%.
Putin before commented The state of inflation in Russia.