Learn more

The Organisation for Economic Co-operation and Development (OECD) has increased its GDP growth projection for Russia in 2024 from 1.8% to 2.6% in 2024, making it the sixth-fastest growing major economy globally this year. For 2025, the OECD maintains its earlier prediction for Russia at a modest 1% growth, aligning closely with the International Monetary Fund’s (IMF) revised forecasts which suggest a growth rate of 3.2% for 2024, improving from 1.1% to 1.8% for 2025. The Russian Ministry of Economic Development remains slightly more optimistic, anticipating growth rates of 2.8% and 2.3% for 20…