In 2023, the Russian economy grew by 2.7%. The data was announced by Shantanu Mukherjee, Director of the Economic Analysis and Policy Division of the UN Department of Economic and Social Affairs.
Mukherjee also pointed out that Russia's GDP growth will drop to 1.3% in 2024.
According to the UN official, the global economy is also expected to decline. While growth in 2023 amounted to 2.7% of global GDP, the forecast for 2024 has been lowered to 2.4%, Mukherjee explained.
Earlier, Goldman Sachs economist Dmitry Golubovsky thought that Russia's economy should not be expected to grow in 2024. He pointed out that Goldman Sachs predicts growth of 2%, but he himself does not share such forecasts.
Also, the Ministry of Finance of the Russian Federation updated the data on the country's budget expenditures in 2024. They will increase by 400 billion rubles.