Russia sees GDP growing by 2.6% in 2024-25, economy minister says

MOSCOW (Reuters) – Russia’s economy is expected to expand by 2.6% in 2024-2025 thanks to domestic consumer and investment demand, Economy Minister Maxim Reshetnikov said on Wednesday, after falling this year and next due to Western sanctions.

Russian gross domestic product (GDP) is seen falling by 2.9% this year and by 0.8% in 2023, Reshetnikov told the upper house of parliament, with the jobless rate seen at 4.5% and inflation at 12.4% by end-2022.

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