The country’s economy is projected to grow 1.3% this year, according to the latest report The Russian economy outperformed expectations in 2023, according to the latest report by the World Bank, which estimates the country grew at 2.6% for the year. This is an upward revision from the previous projection of 1.6% growth. According to the publication issued on Tuesday, the stronger-than-expected recovery was fueled by substantial fiscal support, including additional military spending. The World Bank projects that Russia’s economy will grow by 1.3% in 2024 and 0.9% in 2025, adding that tightening monetary policy is e
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