By Ben Aris in Berlin The Central Bank of Russia (CBR) forecast strong growth this year, but forecast a sharp slowdown starting in 2025 as the last of the military Keynesianism effects wear off, in itsmedium-term outlook, released on August 21. Growth this year is expected to be strong at 3.5-4%, possibly well ahead of last year’s surprise 3.6% growth, but as bne IntelliNews reported, theeconomy is cooling as the military Keynesianism factors supporting growth is exhausted and thevery high 18% policy rate crushes growth. “The 2024 forecast of real GDP growth has been revised up to 3.5–4.0%. Th…
