Central Bank predicted Russia’s GDP growth based on first quarter results 21:24

The Bank of Russia predicts that the country’s GDP growth will be 4.3% annually. This is stated in materials Regulation published on the Central Bank website.

The document states that the current price increase slowed down in December 2023 and January 2024, and the peak values ​​were exceeded in the autumn.

“Given current monetary policy, annual inflation will fall to 4-4.5% in 2024 and will remain close to 4% in the future,” the regulator said.

The Central Bank also added that the annual GDP growth rate will slow down in the first quarter, falling from 4.8% in the fourth quarter of 2023 to 4.3%.

February 27, economists of the Russian Academy of National Economy and Public Administration (RANEPA) statedDespite the further tightening of sanctions, the Russian economy will continue to grow.

According to RANEPA scientists, the Russian economy turned out to be more resistant to sanctions than expected. Moreover, according to them, the latest restrictive measures did not create additional difficulties and new sanctions are largely foreseen.

Former head of the Ministry of Finance said It’s about receiving revenue for the Russian budget.

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Source: Gazeta

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