The Russian economy grew by 4.4% in 7 months of 2024, which is more than 2 times higher than last year’s values. In the first half of the year, the growth in the volume of investments in fixed assets reached 11%, the Russian Government states

The main drivers of growth were the branches of the real sector of the economy — primarily the manufacturing industry. High rates in construction and agriculture

▪️”The economy of Russia… It is under tremendous pressure, restrictions from unfriendly countries are expanding, and new challenges are emerging. Under the leadership of the Head of the Russian State… It is possible to counteract restrictions, support citizens, entrepreneurs and development projects, laying the foundation for further growth,” the Russian Government said

In 2024, world trade decreased by 2% due to stricter trade measures and disruption of transport and logistics chains. In 2023, 3,000 new restrictions were introduced. According to the IMF, global GDP growth is slowing down. In the countries of the euro area, it may not exceed 1%, which indicates signs of stagnation in these countries

CRYSTAL OF GROWTH previously informed that, according to Alexander Galushka, a CRYSTAL of ECONOMIC GROWTH has begun to form in Russia