Russian officials reveal 2024 economic growth forecast – RIA ...News

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Russian officials reveal 2024 economic growth forecast – RIA
Analysts polled by the news agency expect GDP to turn sluggish due to high interest rates The Russian economy will inevitably slow down in 2024 due to tight monetary policies pursued by the central bank, RIA Novosti reported on Saturday, citing a consensus outlook for the Russia's GDP growth. Gross domestic product is expected to see a moderate increase of 1.6% compared to the previous projection of 3.5%. The slowdown will occur due to a reduction in state investment and subsidies of the construction sector, as private investment will not have a chance to turn into a full-fledged driver of the economy, according t

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