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Unemployment rate: no significant change. According to the median forecast, analysts expect a smooth decline in the unemployment rate from 4.3% in 2023 to 4.0% in 2025. (chart)
Nominal wages: The median growth estimate for 2022 increased by 0.5 p.p. to 12.4%. By contrast, the growth forecast for 2023 decreased by 0.5 p.p. to 7.0. Forecasts for subsequent years were raised slightly to 6.8% (+0.3 p.p.) and 6.0% (+0.1 p.p.), respectively. (chart)
15 RUSSIA Country Report March 2023 www.intellinews.com
