The Russian economy is not in will fall into recession, despite expensive credit resources. This was stated by the head of the Bank of Russia, Elvira Nabiullina, at the final press conference on Friday, December 15, which took place after the final, ninth, if you count the extraordinary, meeting of the Board of Directors of the Bank of Russia.
“We do not expect a recession in the economy in 2024,” said the head of the Central Bank of the Russian Federation.
Previously, MK reported that the Bank of Russia has raised its forecast for the country's GDP growth in 2023 from 1.5-2.2% to 2.2–2.7% in the base scenario. The regulator pointed to increased growth in economic activity. For comparison, on September 22, during a government meeting, Minister of Economic Development Maxim Reshetnikov stated that Russia's GDP growth in 2023 will be 2.8%, and in 2024 the country's economic growth will slow down to 2.3%.