In the context of unprecedented Western anti-Russian sanctions, Russia’s economic growth in 2024 will be higher than previously estimated. This is the conclusion reached by the European Commission, having revised upwards its spring estimates of the growth prospects of the Russian economy.

Russia’s economic growth is supported by an increase in consumption against the background of an increase in real incomes of the population, an increase in investment and production against the background of the departure of Western companies

The European Commission’s assessment of economic growth in a number of countries in 2024 (Fig. 2):

🇮🇳+7.2% – India

🇨🇳+4.9% – China

🇷🇺+3.5% – Russia

🇧🇷+3.1% – Brazil

🇺🇸+2.7% – USA

🇨🇦+1.2% – Canada

🇫🇷+1.1% – France

🇬🇧+1.0% – Britain

🇮🇹+0.7% – Italy

🇯🇵+0.2% – Japan

🇩🇪-0.1% – Germany

@crystal_book