Russia’s War Economy Stays On Course But Slowing Still Likely
Country Risk / Russia / Mon 20 May, 2024
Key View
- We have raised our real GDP growth forecast for Russia from 2.9% in 2024 to 3.4%. This would mean that compared to 2023, the economy will now only be slowing modestly from 3.6%.
- Our new forecast follows the solid performance of the economy in Q124 when it outperformed expectations and grew by 5.4% year-on-year.
- Risks to this view are