Macroeconomic survey of the Bank of Russia (2024)

Statistics
Monetary Policy

Survey results: March 2024*

2021
(факт)
2022
(факт)
2023
(факт/оценка)
202420252026
ИПЦ
(в%дек.кдек. пред. года)
8,411,97,45,2
(4,9)
4,1
(4,0)
4,0
(4,0)
ИПЦ
(%кпред. году, всреднем загод)
6,713,85,96,9
(6,9)
4,4
(4,3)
4,0
(4,0)
Ключевая ставка
(в%годовых, всреднем загод, сучетом выходных дней)
5,710,69,914,5
(13,9)
9,4
(9,2)
7,5
(7,4)
ВВП
(%, г/г)
5,9-1,23,61,8
(1,6)
1,5
(1,5)
1,5
(1,5)
Уровень безработицы
(%, дек., безисключения сезонности)
4,33,63,03,0
(3,0)
3,1
(3,1)
3,2
(3,2)
Номинальная заработная плата
(%, г/г)
11,514,114,1
(13,4)
9,9
(9,5)
7,0
(7,0)
6,1
(6,1)
Баланс консолидированного бюджета
(%ВВПзасоответствующийгод)
0,8-1,4-2,3-1,5
(-1,4)
-1,0
(-1,0)
-1,0
(-1,0)
Экспорт товаров иуслуг**
(млрд долл. СШАвгод)
550641465472
(482)
489
(494)
490
(494)
Импорт товаров иуслуг**
(млрд долл. СШАвгод)
380347379384
(385)
397
(396)
408
(410)
Курс USD/RUB
(руб.задолл., всреднем загод)
73,767,485,291,2
(91,1)
93,8
(93,0)
95,0
(95,0)
Цена нанефть марки Brent
(долл. СШАзабаррель, всреднем загод)
71998280
(80)
78
(79)
75
(75)
Показатели, рассчитанные наоснове полученных ответов:
ВВП
(кумулятивный уровень, 2021 г.= 100)
100,098,8102,4104,2
(103,8)
105,8
(105,4)
107,3
(107,0)
Реальная заработная плата***
(%, г/г)
4,50,37,8
(7,1)
2,8
(2,4)
2,5
(2,3)
2,0
(2,0)
Реальная заработная плата
(кумулятивный уровень, 2021г. = 100)
100,0100,3108,1
(107,4)
111,1
(110,0)
113,9
(112,5)
116,2
(114,8)
Торговый баланс
(млрд долл. СШАвгод)
1702948688
(97)
91
(97)
82
(84)
Нейтральная ключевая ставка
(%годовых)
Медиана7,0
(7,0)
Уровень ключевой ставки, прикотором денежно-кредитная политика поддерживает вдолгосрочном периоде инфляцию иинфляционные ожидания нацели иВВПнапотенциальном уровне.
Центр. тенденция 10-90%5,7-8,0
(5,8-8,0)
Долгосрочный ростВВП
(%, г/г)
Медиана1,5
(1,5)
Ожидаемые средние темпы роста потенциальногоВВПнагоризонте 2027— 2031годов.
Центр. тенденция 10-90%1,0-2,0
(0,9-2,0)

* Inparentheses aretheresults oftheFebruary 2024survey.
** In2023— theestimate.
*** Theresults arethemedian forecasts based onsurvey participants’ responses onthenominal wages andaverage fortheyear CPI.
Survey Dates: 7— 12March, 2024.
Calculation methodology: Thesurvey results arethemedian ofthe27forecasts ofeconomists from various organizations taking part inthesurvey.

Theranges ofanalysts’ forecasts forthenext years (seetheshaded areas inthecharts) have generally narrowed formost indicators. However, theranges forthekeyrate, unemployment rate, USD/RUB exchange rate, exports, imports, Brent oilprice aresignificantly widening bytheendoftheforecast period.

  • Inflation: Analysts have revised their inflation forecast upwards to5.2% in2024 (+0.3 p.p. compared totheFebruary survey). Analysts expect that inflation will return tothetarget ofclose to4%in2025andremain atthis level furtheron.
  • Keyrate: Analysts have raised thekeyrate forecast for2024 to14.5% perannum (+0.6 p.p.) onaverage. Theforecast for2025is9.4% perannum (+0.2 p.p.) onaverage. Analysts’ forecast fortheendoftheforecast horizon is7.5% perannum (+0.1 p.p.). Theneutral keyrate estimate isunchanged at7.0% perannum.
  • GDP: Analysts have improved theGDPforecast for2024 to+1.8% (+0.2 p.p.). Theforecasts forthefollowing years andtheestimate ofthelong-term GDPgrowth rate areunchanged at+1.5% perannum. According toanalysts, theGDPchange in2026 tothe2021 level will be+7.3% (+7.0% according totheFebruary survey).
  • Unemployment rate: Forecasts areunchanged. Analysts expect only aslight increase inunemployment to3.2% bytheendof2026.
  • Nominal wages: Analysts have raised their forecast fornominal wages growth to9.9% (+0.4 p.p.) in2024, followed byadeceleration to7.0% in2025. Thegrowth forecast fortheendoftheforecast horizon is+6.1%. Calculations based onanalysts’ forecasts ofnominal wages andaverageCPIsuggest that real wages will increase by2.8% (+0.4 p.p.) in2024, by2.5% in2025andby2.0% in2026. Accordingly, bytheendoftheforecast horizon, real wages will be16.2% higher than in2021.
  • Consolidated budget balance:Nosignificant changes. Analysts expectations arebased onagradual reduction oftheconsolidated budget deficit:to1.5%ofGDPin2024, to1.0% ofGDPin2025and2026.
  • Exports ofgoods andservices: Analysts have revised somewhat downwards their forecasts over theentire forecast horizon: to$472 billion (-$10billion) for2024, to$489 billion (-$5billion) for2025, to$490 billion (-$4billion) for2026, which is11%lower than inexports in2021.
  • Imports ofgoods andservices: Forecasts have barely changed: $384 billion (-$1billion) for2024, $397 billion (+$1billion) for2025, $408 billion (-$2billion) for2026, which is7%higher than imports in2021.
  • USD/RUB exchange rate: Analysts’ forecast for2024is91.2 rubles perdollar, 93.8 rubles perdollar for2025and95.0 rubles perdollar for2026 (revised by0.1–0.9% compared totheFebruary survey).
  • Brent oilprice: Forecasts have barely changed. According toanalysts’ expectations, theaverage Brent oilprice in2024 will be$80perbarrel, andwill decrease to$78perbarrel in2025andto$75perbarrel in2026.

CPI

%, Dec. toDec. oftheprevious year

Keyrate

% perannum, average fortheyear, including weekends

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":2.5000,"high":2.5000},{"low":4.3000,"high":4.3000},{"low":3.0000,"high":3.0000},{"low":4.9000,"high":4.9000},{"low":8.4000,"high":8.4000},{"low":11.9000,"high":11.9000},{"low":7.4000,"high":7.4000},{"low":4.0653,"high":6.2000},{"low":3.3000,"high":7.0000},{"low":3.5000,"high":6.0000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(251,149,153)","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":2.5000,"high":2.5000},{"low":4.3000,"high":4.3000},{"low":3.0000,"high":3.0000},{"low":4.9000,"high":4.9000},{"low":8.4000,"high":8.4000},{"low":11.9000,"high":11.9000},{"low":7.4000,"high":7.4000},{"low":4.5000,"high":6.0067},{"low":3.8000,"high":5.0104},{"low":3.9912,"high":4.2000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(218,55,61)","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[2.5000,4.3000,3.0000,4.9000,8.4000,11.9000,7.4000,5.1000,4.0000,4.0000],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[2.5000,4.3000,3.0000,4.9000,8.4000,11.9000,7.4000,4.9000,4.0000,4.0000],"color":"#676E7B","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[2.5000,4.3000,3.0000,4.9000,8.4000,11.9000,7.4000,5.2000,4.1000,4.0000],"color":"rgb(170,7,46)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":9.1349,"high":9.1349},{"low":7.4212,"high":7.4212},{"low":7.3295,"high":7.3295},{"low":5.0541,"high":5.0541},{"low":5.7000,"high":5.7000},{"low":10.6000,"high":10.6000},{"low":9.9000,"high":9.9000},{"low":12.0000,"high":15.5137},{"low":7.3000,"high":15.0000},{"low":5.0000,"high":14.0000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"#01CAF2","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":9.1349,"high":9.1349},{"low":7.4212,"high":7.4212},{"low":7.3295,"high":7.3295},{"low":5.0541,"high":5.0541},{"low":5.7000,"high":5.7000},{"low":10.6000,"high":10.6000},{"low":9.9000,"high":9.9000},{"low":13.6800,"high":15.1000},{"low":7.8000,"high":11.1667},{"low":6.2083,"high":9.5000}],"fillOpacity":0.5,"marker":{"enabled":false,"symbol":"circle"},"color":"#0088cc","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[9.1349,7.4212,7.3295,5.0541,5.7000,10.6000,9.9000,14.0000,9.0000,7.0000],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[9.1349,7.4212,7.3295,5.0541,5.7000,10.6000,9.9000,13.9000,9.1600,7.4000],"color":"rgb(104,110,122)","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[9.1349,7.4212,7.3295,5.0541,5.7000,10.6000,9.9000,14.5027,9.4000,7.5000],"color":"rgb(4,70,148)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>

GDP

%, yoy

Unemployment rate

%, Dec, notseasonally adjusted

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":1.8000,"high":1.8000},{"low":2.8000,"high":2.8000},{"low":2.2000,"high":2.2000},{"low":-2.7000,"high":-2.7000},{"low":5.9000,"high":5.9000},{"low":-1.2000,"high":-1.2000},{"low":3.6000,"high":3.6000},{"low":0.5000,"high":2.8000},{"low":0.5000,"high":3.0000},{"low":0.5000,"high":2.3000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"#2AA65E","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":""},"data":[{"low":1.8000,"high":1.8000},{"low":2.8000,"high":2.8000},{"low":2.2000,"high":2.2000},{"low":-2.7000,"high":-2.7000},{"low":5.9000,"high":5.9000},{"low":-1.2000,"high":-1.2000},{"low":3.6000,"high":3.6000},{"low":1.2000,"high":2.0135},{"low":0.9600,"high":2.0000},{"low":0.9500,"high":2.0527}],"fillOpacity":0.9,"marker":{"enabled":false,"symbol":"circle"},"color":"#61D889","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[1.8000,2.8000,2.2000,-2.7000,5.9000,-1.2000,3.6000,1.3000,1.5000,1.5000],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[1.8000,2.8000,2.2000,-2.7000,5.9000,-1.2000,3.6000,1.5561,1.5000,1.5000],"color":"#676E7B","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[1.8000,2.8000,2.2000,-2.7000,5.9000,-1.2000,3.6000,1.8000,1.5000,1.5000],"color":"rgb(24,104,42)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>
\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n"},"data":[{"low":5.1000,"high":5.1000},{"low":4.8000,"high":4.8000},{"low":4.6000,"high":4.6000},{"low":5.9000,"high":5.9000},{"low":4.3000,"high":4.3000},{"low":3.7000,"high":3.7000},{"low":3.0000,"high":3.0000},{"low":2.5000,"high":3.3000},{"low":2.5000,"high":4.0000},{"low":2.5000,"high":4.5000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(162,231,255)","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":5.1000,"high":5.1000},{"low":4.8000,"high":4.8000},{"low":4.6000,"high":4.6000},{"low":5.9000,"high":5.9000},{"low":4.3000,"high":4.3000},{"low":3.7000,"high":3.7000},{"low":3.0000,"high":3.0000},{"low":2.7200,"high":3.1800},{"low":2.7400,"high":3.5000},{"low":2.6400,"high":3.9800}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"#004d99","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[5.1000,4.8000,4.6000,5.9000,4.3000,3.7000,3.0000,3.0000,3.1000,3.2000],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[5.1000,4.8000,4.6000,5.9000,4.3000,3.7000,3.0000,3.0000,3.1000,3.2000],"color":"#676E7B","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[5.1000,4.8000,4.6000,5.9000,4.3000,3.7000,3.0000,3.0000,3.0960,3.2241],"color":"rgb(40,144,203)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>

Nominal wages

%, yoy

USD/ RUBrate

RUBperUSD, average fortheyear

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":6.7000,"high":6.7000},{"low":11.6000,"high":11.6000},{"low":9.5000,"high":9.5000},{"low":7.3000,"high":7.3000},{"low":11.5000,"high":11.5000},{"low":14.1000,"high":14.1000},{"low":14.1000,"high":14.1000},{"low":7.0000,"high":12.0000},{"low":5.8000,"high":9.5000},{"low":5.0000,"high":7.9282}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"#FFD585","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":6.7000,"high":6.7000},{"low":11.6000,"high":11.6000},{"low":9.5000,"high":9.5000},{"low":7.3000,"high":7.3000},{"low":11.5000,"high":11.5000},{"low":14.1000,"high":14.1000},{"low":14.1000,"high":14.1000},{"low":8.5600,"high":11.7288},{"low":6.0000,"high":8.5900},{"low":5.4400,"high":7.1600}],"fillOpacity":0.5,"marker":{"enabled":false,"symbol":"circle"},"color":"#FFB31A","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[6.7000,11.6000,9.5000,7.3000,11.5000,14.1000,14.1000,9.1500,6.6000,6.0800],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[6.7000,11.6000,9.5000,7.3000,11.5000,14.1000,14.1000,9.5340,7.0000,6.0800],"color":"#676E7B","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[6.7000,11.6000,9.5000,7.3000,11.5000,14.1000,14.1000,9.8500,7.0000,6.0800],"color":"rgb(199,103,14)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>
\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n"},"data":[{"low":58.3000,"high":58.3000},{"low":62.6000,"high":62.6000},{"low":64.7033,"high":64.7033},{"low":72.0000,"high":72.0000},{"low":73.7000,"high":73.7000},{"low":67.4000,"high":67.4000},{"low":85.2000,"high":85.2000},{"low":86.5000,"high":108.0000},{"low":83.0000,"high":110.0000},{"low":85.0000,"high":120.0000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"#998AE6","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":58.3000,"high":58.3000},{"low":62.6000,"high":62.6000},{"low":64.7033,"high":64.7033},{"low":72.0000,"high":72.0000},{"low":73.7000,"high":73.7000},{"low":67.4000,"high":67.4000},{"low":85.2000,"high":85.2000},{"low":89.2092,"high":95.8000},{"low":89.6955,"high":100.0394},{"low":90.7200,"high":103.0400}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"#5B42A6","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[58.3000,62.6000,64.7033,72.0000,73.7000,67.4000,85.2000,92.0000,93.0000,94.8147],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[58.3000,62.6000,64.7033,72.0000,73.7000,67.4000,85.2000,91.1000,93.0000,95.0000],"color":"rgb(104,110,122)","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[58.3000,62.6000,64.7033,72.0000,73.7000,67.4000,85.2000,91.2000,93.8000,95.0000],"color":"rgb(50,37,109)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>

Exports ofgoods andservices

billions ofUSdollars peryear

Imports ofgoods andservices

billions ofUSdollars peryear

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":410.0000,"high":410.0000},{"low":509.0000,"high":509.0000},{"low":482.0000,"high":482.0000},{"low":381.0000,"high":381.0000},{"low":550.0000,"high":550.0000},{"low":641.0000,"high":641.0000},{"low":465.0000,"high":465.0000},{"low":435.9840,"high":523.3000},{"low":399.4630,"high":548.7000},{"low":398.8010,"high":575.4000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(166,229,180)","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":410.0000,"high":410.0000},{"low":509.0000,"high":509.0000},{"low":482.0000,"high":482.0000},{"low":381.0000,"high":381.0000},{"low":550.0000,"high":550.0000},{"low":641.0000,"high":641.0000},{"low":465.0000,"high":465.0000},{"low":442.2800,"high":505.0000},{"low":451.4100,"high":511.7617},{"low":460.0000,"high":521.9265}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"#2AA65E","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[410.0000,509.0000,482.0000,381.0000,550.0000,641.0000,465.0000,505.0000,514.5000,517.2770],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[410.0000,509.0000,482.0000,381.0000,550.0000,641.0000,465.0000,481.6633,493.6844,494.0000],"color":"#676E7B","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[410.0000,509.0000,482.0000,381.0000,550.0000,641.0000,465.0000,471.8248,488.8004,489.5094],"color":"rgb(24,104,42)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>
\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n"},"data":[{"low":327.0000,"high":327.0000},{"low":344.0000,"high":344.0000},{"low":352.0000,"high":352.0000},{"low":305.0000,"high":305.0000},{"low":380.0000,"high":380.0000},{"low":347.0000,"high":347.0000},{"low":379.0000,"high":379.0000},{"low":361.2776,"high":403.0000},{"low":341.5229,"high":422.8160},{"low":343.1113,"high":447.6550}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(131,201,245)","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":327.0000,"high":327.0000},{"low":344.0000,"high":344.0000},{"low":352.0000,"high":352.0000},{"low":305.0000,"high":305.0000},{"low":380.0000,"high":380.0000},{"low":347.0000,"high":347.0000},{"low":379.0000,"high":379.0000},{"low":366.5000,"high":397.7427},{"low":377.0000,"high":413.0282},{"low":379.3000,"high":425.1996}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(56,135,198)","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[327.0000,344.0000,352.0000,305.0000,380.0000,347.0000,379.0000,390.0000,405.8158,413.5000],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[327.0000,344.0000,352.0000,305.0000,380.0000,347.0000,379.0000,385.0000,396.3837,410.0000],"color":"#676E7B","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[327.0000,344.0000,352.0000,305.0000,380.0000,347.0000,379.0000,383.5000,397.3716,408.0000],"color":"rgb(4,70,148)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>

Consolidated budget balance

(% ofGDPfortherespective year)

Brent oilprice

USdollars perbarrel, average fortheyear

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":-1.5000,"high":-1.5000},{"low":2.9000,"high":2.9000},{"low":1.9000,"high":1.9000},{"low":-4.0000,"high":-4.0000},{"low":0.8000,"high":0.8000},{"low":-1.4000,"high":-1.4000},{"low":-2.3000,"high":-2.3000},{"low":-2.0000,"high":-0.5000},{"low":-3.0000,"high":0.5000},{"low":-3.0000,"high":0.0000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(147,135,202)","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":-1.5000,"high":-1.5000},{"low":2.9000,"high":2.9000},{"low":1.9000,"high":1.9000},{"low":-4.0000,"high":-4.0000},{"low":0.8000,"high":0.8000},{"low":-1.4000,"high":-1.4000},{"low":-2.3000,"high":-2.3000},{"low":-2.0000,"high":-1.0000},{"low":-1.5800,"high":-0.5000},{"low":-1.4600,"high":-0.5000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(86,70,160)","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[-1.5000,2.9000,1.9000,-4.0000,0.8000,-1.4000,-2.3000,-1.5000,-1.1000,-1.0000],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[-1.5000,2.9000,1.9000,-4.0000,0.8000,-1.4000,-2.3000,-1.4000,-1.0000,-1.0000],"color":"#676E7B","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[-1.5000,2.9000,1.9000,-4.0000,0.8000,-1.4000,-2.3000,-1.5000,-1.0000,-1.0000],"color":"rgb(50,37,109)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>
\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n"},"data":[{"low":54.4000,"high":54.4000},{"low":71.1000,"high":71.1000},{"low":64.2000,"high":64.2000},{"low":43.2000,"high":43.2000},{"low":70.9000,"high":70.9000},{"low":99.0000,"high":99.0000},{"low":82.0000,"high":82.0000},{"low":70.0000,"high":85.0000},{"low":65.0000,"high":90.0000},{"low":60.0000,"high":95.0000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(131,201,245)","id":"s0","name":"Forecast range"},{"type":"arearange","dataLabels":{"enabled":false,"format":"{point.y:,.1f}"},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.low:,.1f} - {point.high:,.1f}{series.options.units}

\r\n

"},"data":[{"low":54.4000,"high":54.4000},{"low":71.1000,"high":71.1000},{"low":64.2000,"high":64.2000},{"low":43.2000,"high":43.2000},{"low":70.9000,"high":70.9000},{"low":99.0000,"high":99.0000},{"low":82.0000,"high":82.0000},{"low":75.0000,"high":84.2500},{"low":70.0000,"high":85.0000},{"low":61.5000,"high":81.4000}],"fillOpacity":0.3,"marker":{"enabled":false,"symbol":"circle"},"color":"rgb(56,135,198)","id":"s1","name":"The10to90th percentile range"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[54.4000,71.1000,64.2000,43.2000,70.9000,99.0000,82.0000,80.0000,80.0000,75.0000],"color":"rgb(176,182,192)","id":"s2","name":"Median December 2023"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[54.4000,71.1000,64.2000,43.2000,70.9000,99.0000,82.0000,80.0000,79.0000,75.0000],"color":"#676E7B","id":"s3","name":"Median February 2024"},{"dataLabels":{"enabled":false,"format":"{point.y:,.1f}","style":{}},"tooltip":{"pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.1f}{series.options.units}

\r\n

"},"type":"line","lineWidth":2,"marker":{"symbol":"circle"},"data":[54.4000,71.1000,64.2000,43.2000,70.9000,99.0000,82.0000,80.0000,78.2500,75.0000],"color":"rgb(4,70,148)","id":"s4","name":"Median March 2024"}],"tooltip":{"shared":true,"headerFormat":"

{point.x}

","pointFormat":"

\r\n

\r\n

{series.name}:

\r\n

{point.y:,.f}{series.options.units}

\r\n

","positioner":app.chartTooltipPositioner},"responsive":{rules: []}}; var patch = $chart.data('highchartsPatch'); settings = typeof (patch) === 'function' ? (patch(settings) || settings) : $.extend(true, settings, patch); $chart.trigger('cms:loadHighchart', [settings]); var chart = Highcharts.chart(chartId, settings); app.chartLegendDataHighlighter(chartId, chart); app.chartAutoHeight(chartId, chart); })//]]>

* Note: theupper andlower boundaries ofthefilled area onthegraphs areequal tothemaximum andminimum forecast.
Thebrighter area inthecenter isthe10to90th percentile range.

Thenext survey will becarried outfrom 12to16April, 2024.

Survey participants

Bloomberg EconomicsГазпромбанкНИФИ МинфинаСбербанк ЦМИЦМАКП
АКРАДОМ.РФПромсвязьбанкТелеграм-канал MMIЭксперт РА
Астра Управление активамиИБСинараРайффайзенбанкТелеграм-канал Твердые цифрыЮниКредит банк
Альфа БанкИКРЕГИОНРенессанс КапиталТелеграм-канал Моиинвестиции
Банк ДОМ.РФИНГБанк ЕвразияРосбанкФИНАМ
БКСМиринвестицийИНПРАНРоссельхозбанкФКОткрытие
ВЭБ.РФИнститут ГайдараСбербанк КИБ«Центр развития» НИУВШЭ

Additional materials

Survey calendar

Aggregated survey results

Questionnaire

Department responsible forpublication: Monetary Policy Department

Save as PDF

Was this page useful?

Last updated on: 13.03.2024

Macroeconomic survey of the Bank of Russia (2024)

FAQs

What is the Bank of Russia forecast? ›

The bank updated its macroeconomic forecasts, raising Russia's economic growth prospects to 2.5-3.5% from the previous range of 1-2%. It increased its forecast for the average key rate range in 2024 to 15-16% from 13.5-15.5%.

What is the economic forecast for Russia in 2024? ›

Russian ministry sees 2024 GDP at 2.8%, but with higher inflation, weaker rouble | Reuters.

What is IMF predicting about Russian economy? ›

Russia is expected to grow 3.2% in 2024, the IMF said in its latest World Economic Outlook published Tuesday, exceeding the forecast growth rates for the U.S. (2.7%), the U.K. (0.5%), Germany (0.2%) and France (0.7%).

What is Russia's economy focused on? ›

As a major global producer of oil and gas resources, Russia heavily relies on energy exports for its fiscal revenue. The worsening geopolitical situation and the sharp increase in sanctions have compelled Russia to adjust its economic structure, aiming to boost the contribution of non-energy sectors to its GDP.

What is the current economic condition of Russia? ›

The Russian economy is shrinking

It is estimated that in 2022, Russia's gross domestic product (GDP) dropped by 2.1%. Russia's economy may continue to shrink in 2023. Its GDP is forecast to decline by 2.5% in the worst-case scenario (OECD) or by 0.2% according to the World Bank.

What is the current interest rate in Russia? ›

16.00 percent

Is Russia's economy still growing? ›

GDP data for 2024 Q1 and high-frequency indicators for 2024 Q2 show that the Russian economy continues to grow rapidly. However, in 2024 Q1, the calendar effect of a leap year partly contributed to the annual GDP growth rate.

Where does Russia's economy rank in the world? ›

11. Russia. Russia is the world's 11th-largest economy. Russia has moved toward a more market-based economy over the 30 years since the collapse of the Soviet Union, but government ownership of and intervention in business is still common.

What will happen to US economy in 2024? ›

Key Takeaways. S&P Global Ratings expects U.S. real GDP growth of 2.5% in 2024 as the labor market remains sturdy. We continue to expect the economy to transition to slightly below-potential growth in the next couple of years.

What is the inflation rate in Russia today? ›

ActualPreviousUnit
7.807.70percent

Why is the Russian economy strong? ›

Investments from corporate and state owned enterprises and "robustness in private consumption" within Russia had promoted growth alongside strong exports of oil, according to Petya Koeva Brooks, deputy director at the IMF.

What is the unemployment rate in Russia? ›

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Russia unemployment rate for 2022 was 3.87%, a 0.85% decline from 2021. Russia unemployment rate for 2021 was 4.72%, a 0.87% decline from 2020.

What is Russia's biggest source of income? ›

Russia's economy is heavily reliant on its vast natural resources, particularly in energy. It is one of the world's largest producers of oil and natural gas, which are major contributors to its GDP and export earnings.

What is the largest economy in the world? ›

The United States is the undisputed heavyweight when it comes to the economies of the world.

Is Russia the 5th economy in the world? ›

Vyacheslav Volodin: despite the unprecedented pressure, Russia is the fifth world economy and the largest European economy. Vyacheslav Victorovich The Chairman of the State Duma of the Federal Assembly of the Russian Federation of the eighth convocation.

What is the prediction for the Russian ruble? ›

The Russian Ruble price prediction for next week is between $ 0.026267 on the lower end and $ 0.030212 on the high end. Based on our RUB price prediction chart, the price of Russian Ruble will increase by 15.02% and reach $ 0.030212 by Jun 17, 2024 if it reaches the upper price target.

What is the Russian stock market predictions? ›

The Russia Stock Market Index MOEX CFD is expected to trade at 3193.45 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3137.23 in 12 months time.

What is the projection for the Rouble? ›

Under the stress scenario, the ministry forecasts that the rouble would cross well beyond the 100 threshold by 2025, averaging 106.9 that year, and sink to 120 per dollar by 2027.

What is the World Bank outlook for Russia? ›

April 11 (Interfax) - The World Bank has raised its GDP growth outlook for Russia in 2024 to 2.2% from the 1.3% it expected in January. Forecast growth for 2025 has been improved to 1.1% from 0.9%, the World Bank says in its latest Europe and Central Asia region report.

Top Articles
Latest Posts
Article information

Author: Melvina Ondricka

Last Updated:

Views: 5821

Rating: 4.8 / 5 (48 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Melvina Ondricka

Birthday: 2000-12-23

Address: Suite 382 139 Shaniqua Locks, Paulaborough, UT 90498

Phone: +636383657021

Job: Dynamic Government Specialist

Hobby: Kite flying, Watching movies, Knitting, Model building, Reading, Wood carving, Paintball

Introduction: My name is Melvina Ondricka, I am a helpful, fancy, friendly, innocent, outstanding, courageous, thoughtful person who loves writing and wants to share my knowledge and understanding with you.