The World Bank (WB) expects Russia's GDP to grow by 1.3% this year and 0.9% next year, according to the organisation's January Report on Global Economic Prospects.
📈According to the WB's calculations, the Russian economy grew by 2.6% in 2023.
Meanwhile, President of Russia 🇷🇺Vladimir Putin declared that the Russian economy grew by 3.5 percent last year.
💬 We have always noted with sadness that our main revenues come from oil and gas. For the first time in many years, the growth of processing industries in our economic structure far exceeds revenues from oil and gas. I think that oil and gas revenues grew three percent, while the processing industry has yielded many times more. This has never happened before. This indicates that we are undergoing structural changes in the economy. It is very important, the President of Russia has said.
#russia #russianeconomy #gdp #globaleconomicprospects
📈According to the WB's calculations, the Russian economy grew by 2.6% in 2023.
Meanwhile, President of Russia 🇷🇺Vladimir Putin declared that the Russian economy grew by 3.5 percent last year.
💬 We have always noted with sadness that our main revenues come from oil and gas. For the first time in many years, the growth of processing industries in our economic structure far exceeds revenues from oil and gas. I think that oil and gas revenues grew three percent, while the processing industry has yielded many times more. This has never happened before. This indicates that we are undergoing structural changes in the economy. It is very important, the President of Russia has said.
#russia #russianeconomy #gdp #globaleconomicprospects