American investor expects Russian economic growth to be above 2% in 2024
CEO of the American investment company Navigator Principal Investors Kyle Shostak also believes that in 2024, "activity on the Russian securities market will increase, trading volumes and new issues on the Moscow Exchange will only increase".
Russia’s economy can grow by more than 2% in 2024 driven by increased trade in Asian and Middle Eastern markets, Kyle Shostak, CEO of the American investment company Navigator Principal Investors, said in a conversation with a TASS correspondent.
"I expect that the Russian economy, which, along with Brazil and Mexico, "unexpectedly" surprised with its growth in the past year, will show growth of approximately 2.1%. This will be facilitated by the expansion of the market for sales of products of Russian enterprises to Asian and Middle Eastern markets, as well as the trend for creation of own replacement production facilities," he said.
Shostak also believes that in 2024, "activity on the Russian securities market will increase, trading volumes and new issues on the Moscow Exchange will only increase," but this activity will be restrained by anti-Russian restrictive measures.
According to the expert, trade between Russia and China will increase, mainly due to non-oil and gas exports. "It is possible that by the end of 2024 the volume of Russian-Chinese trade will reach $300 billion," he said.
Earlier, Russian President Vladimir Putin noted that the country’s GDP at the end of 2023 increased by 3.5%, which indicates the stability of its economy.
Source
Russia’s economy can grow by more than 2% in 2024 driven by increased trade in Asian and Middle Eastern markets, Kyle Shostak, CEO of the American investment company Navigator Principal Investors, said in a conversation with a TASS correspondent.
"I expect that the Russian economy, which, along with Brazil and Mexico, "unexpectedly" surprised with its growth in the past year, will show growth of approximately 2.1%. This will be facilitated by the expansion of the market for sales of products of Russian enterprises to Asian and Middle Eastern markets, as well as the trend for creation of own replacement production facilities," he said.
Shostak also believes that in 2024, "activity on the Russian securities market will increase, trading volumes and new issues on the Moscow Exchange will only increase," but this activity will be restrained by anti-Russian restrictive measures.
According to the expert, trade between Russia and China will increase, mainly due to non-oil and gas exports. "It is possible that by the end of 2024 the volume of Russian-Chinese trade will reach $300 billion," he said.
Earlier, Russian President Vladimir Putin noted that the country’s GDP at the end of 2023 increased by 3.5%, which indicates the stability of its economy.
Source