In particular, according to analysts, the Russian economy at the end of the current year will decrease by 0.9% against 3.2% forecasted in autumn 2022.
Also, the EC improved its forecast for Russian GDP growth in 2024 to 1.3% instead of the 0.9% forecast earlier.
Recall also that the Bank of Russia last week released a report in which GDP decline in the first quarter of 2023 was estimated at 2.3%. At the same time, in the second quarter, the Central Bank expects the economy to grow, at once by 4.2%.
Also, according to estimates of analysts of the Ministry of Economic Development, during the first quarter the country's GDP decreased by 2.2%. Rosstat plans to publish its preliminary estimate on May 17.