https://sputnikglobe.com/20231215/russias-gdp-growth-in-2023-will-exceed-3---central-bank-1115606687.html
Russia's GDP Growth in 2023 Will Exceed 3% - Central Bank
Russia's GDP Growth in 2023 Will Exceed 3% - Central Bank
Sputnik International
Russia's GDP growth in 2023 will be higher than the October forecast and will amount to more than 3%, the Russian Central Bank said on Friday.
2023-12-15T13:46+0000
2023-12-15T13:46+0000
2023-12-15T13:46+0000
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"At the same time, the Bank of Russia expects GDP growth in 2023 to outperform its October forecast and exceed 3%," the report said. Meanwhile, Russia’s imports have slightly decreased compared to the summer figures, mainly due to the tightening of the monetary policy, the Bank of Russia said. At the same time, the bank linked the decline in exports in the recent months to deteriorating conditions in global energy commodity markets. On Friday, the Russian Central Bank raised the key rate to 16% per annum, the highest figure since April 2022.
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Russia's GDP Growth in 2023 Will Exceed 3% - Central Bank
MOSCOW (Sputnik) - Russia's GDP growth in 2023 will be higher than the October forecast and will amount to more than 3%, the Russian Central Bank said on Friday.
"At the same time, the Bank of Russia expects
GDP growth in 2023 to outperform its October forecast and exceed 3%," the report said.
Meanwhile, Russia’s imports have slightly decreased compared to the summer figures, mainly due to the tightening of the monetary policy, the Bank of Russia said.
"Recent data on foreign trade indicate that imports have decreased slightly compared to the peak summer figures, including due to the effects of monetary tightening in place," the bank's statement read.
At the same time, the bank linked the decline in exports in the recent months to deteriorating conditions in global energy commodity markets.
"In the coming quarters, demand for imports in ruble terms will continue to adjust to recent key rate decisions," the regulator said.
13 December 2023, 16:59 GMT
On Friday, the Russian Central Bank raised the key rate to 16% per annum, the highest figure since April 2022.
