World Bank analysts have improved their forecasts for the dynamics of the Russian economy in 2024. writes about this Interfax referring to the credit agency’s report.
According to the organization’s new report on development prospects for Europe and Central Asia, Russia’s GDP is expected to grow by 2.2%; this is 0.9 percentage points above the previous estimate of 1.3%.
In addition, World Bank experts improved their assessment of Russia’s economic growth in 2025. The new forecast assumes GDP will increase by 1.1%, compared to the 0.9% previously expected.
World Bank experts summarized as follows: “Medium and long-term prospects for the Russian economy remain uncertain.”
They noted that next year the rate of economic growth in the Russian Federation may slow down by half. Factors such as the lack of qualified personnel in non-defense industries, the decrease in revenues from the sale of raw materials due to international sanctions, the decrease in foreign investments, and the increase in military expenditures will facilitate this situation.
At the end of January, the IMF developed Forecast on the growth of the Russian economy.
Previously Siluanov guess Reduction of Russia’s national debt.
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Source: Gazeta
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