Consolidated macro forecast assumes short-term improvements // Monitoring of expectations
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The macroeconomic consensus forecast of the Bank of Russia for the period 2023–2024 slightly improved in March — the median assessment of the depth of the fall of the Russian economy this year changed from 1.5% to 1.1%, and growth expectations in 2024 increased from 1.2 % to 1.5%. At the same time, the range of forecasts of polled analysts on GDP dynamics for 2023 remains very significant – from minus 5% to plus 0.8% (the forecast of the Central Bank itself is from minus 1% to plus 1%). Despite the growth expected in 2024, in 2025 the size of the Russian economy will still be slightly less than the level of 2021.
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