Russia’s economy will return to low growth by 2024 – Kommersant
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In 2023, the Russian economy will shrink insignificantly, in 2024 it will return to low growth. This is stated in report UN “World economic situation and its prospects”.
“The Russian economy is projected to contract marginally and return to low growth in the medium term in 2024,” the report says. Due to the difficulty of forecasting in the context of the ongoing conflict between Russia and Ukraine, the UN does not provide specific indicators.
According to the September forecast of the Ministry of Economy, in 2023 the Russian GDP will decrease by 0.8%, in 2024 it will grow by 2.6%. The Bank of Russia expects the dynamics of GDP this year from -1% to +1%. In May, the European Bank for Reconstruction and Development (EBRD) reduced the forecast for the fall of the Russian economy by half, to 1.5%, for 2024 left at the level of 1%. By estimated The European Commission, in 2023 Russia’s GDP will fall by 0.9%, in 2024 it will grow by 1.3%.
More details – in the material “Kommersant” “Fell, woke up – growth”.
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