The Russian Central Bank good for its expectations for the performance of the Russian economy in 2022, where the economy is expected to record a decline of 3% – 3. 5%, after it was previously expected that the decline this year will be in a range of 4% – 6%.
This was based on the Russian Central Bank’s estimates for the medium term, but it left expectations for the performance of the Russian economy in the following years unchanged.
The Russian Central Bank predicts that the country’s economy would contract by 1% to 4% in 2023, but that it will begin to expand in the second half of the year, with a negative outcome for the entire year. It is anticipated to grow between 1.5% and 2.5% annually in 2024 and 2025.
Regarding inflation, the Russian Central Bank anticipates it to be between 12% and 13% by the end of 2022, 5% to 7% in 2023, and 4% in 2024.
The Russian Central raises its estimates for how well the economy will function.
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