Russian government revises its economic growth forecast for country upward
Russia's Ministry of Economic Development has revised its 2024 GDP growth forecast from 2.8% to 3.9%, Azernews reports.
The Ministry projects that Russia will produce a GDP worth 195 trillion rubles this year, which is 4.4 trillion rubles more than the April forecast.
Additionally, the Ministry predicts that economic growth in the country will be 2.5% in 2025, 2.6% in 2026, and 2.8% in 2027.
Previously, on August 28, the Ministry published an overview on the "Current State of the Russian Economy," stating that the annual economic growth for January-July was 3.4%, which is 0.4 percentage points higher than the January-June period.
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