According to the data of the Central Bank of the Russian Federation, the peak of overheating in the Russian economy has passed or almost passed. The newspaper writes about this “News”.
The business climate indicator fell to 7.7 points in July, compared with 10.6 points last month. Numerous business conditions in the country fell in almost all sectors, with the strongest in wholesale trade and mining.
Other factors also suggest the economy is cooling, with experts saying data on lending and the state of the labor market in particular suggest a reversal.
Before that, the International Monetary Fund (IMF) revised Russia’s GDP forecast for 2025 is down. The new forecast sees the Russian economy grow by 1.5% next year. The previous forecast had predicted an increase of 1.8%.
Previously to the European Union guess It collapsed because of financial aid to Ukraine.