Western analysts understand less and less the transformation of the Russian economy – Kommersant
[ad_1]
The head of the Ministry of Economy, Maxim Reshetnikov, said that Western analysts understand less and less what is happening to the Russian economy and do not take into account the significant transformation of its processes. This is how he commented on Western forecasts for the growth of the Russian economy.
“From our point of view, they understand less and less what is happening here and how truly internally strong our economy is. Because they are all looking in the rearview mirror, and economic processes have been significantly transformed, transport has been reoriented, business has shown flexibility, and so on,” Mr. Reshetnikov told reporters (quoted from “RIA News”).
According to Maxim Reshetnikov, Russia remains a reliable supplier “for many economies of the global South.” He cited the domestic market, import substitution, as well as the supply of food products, energy and metallurgical products as sources of growth in the Russian economy.
“At the same time, the transport system, payment systems, and financial settlements are constantly required to be adjusted, because our colleagues – in quotes – constantly create problems for us. They are simply using the current situation to squeeze Russia out of the markets and present their products,” said Maxim Reshetnikov.
In the January IMF report improved forecast for the growth of the Russian economy in 2024 from 1.1% to 2.6%. The World Bank in the same month improved its forecast to 1.3%. The Russian Ministry of Economy said that GDP will grow by 2.3%. At the end of 2023, as reported by the ministry, the growth of the Russian economy was 3.5%.
According to the IMF forecast, in 2024 the world economy will grow by 3.1%, in 2025 – by 3.2%. Experts also lowered their forecast for GDP growth in the eurozone: growth is expected to be 0.9% in 2024 and 1.7% in 2025. At the same time, the IMF expects a gradual recovery of the economies of the eurozone countries, an increase in real incomes, an increase in consumption and a decrease in inflation.
Read more about the IMF forecast in the Kommersant text “Global Fun”.
[ad_2]
Source link
