World Bank improves Russian GDP dynamics, expects its drop by 0.2% in 2023
In January 2023, World Bank experts forecast that Russian GDP would drop by 3.3% in 2023 and grow by 1.6% in 2024.
The World Bank has revised upward Russian GDP dynamics in this year and expects it will contract by 0.2% instead of by 3.3%, according to the report released on Thursday.
Russian GDP dropped by 2.1% as of 2022 year-end, according to updated expert estimates. The World Bank expects Russian national GDP to contract by 0.2% in this year, grow by 1.2% in 2024, and by 0.8% in 2025.
In January 2023, World Bank experts forecast that Russian GDP would drop by 3.3% in 2023 and grow by 1.6% in 2024.
Source
The World Bank has revised upward Russian GDP dynamics in this year and expects it will contract by 0.2% instead of by 3.3%, according to the report released on Thursday.
Russian GDP dropped by 2.1% as of 2022 year-end, according to updated expert estimates. The World Bank expects Russian national GDP to contract by 0.2% in this year, grow by 1.2% in 2024, and by 0.8% in 2025.
In January 2023, World Bank experts forecast that Russian GDP would drop by 3.3% in 2023 and grow by 1.6% in 2024.
Source