Page 83 - RusRPTAug23

the Russian economy development is generally completed" and "in the future, economic growth rates will gradually approach the rates corresponding to the trajectory of balanced growth".
As expected, the CBR also warned the government against the temptation to boost spending, noting that in case of additional expansion of the budget deficit, pro-inflationary risks will become even stronger – and then additional tightening of monetary policy will be required.
The CBR forecasts GDP growth of 1.5-2.5% in 2023, 0.5-2.5% in 2024, 1-2% in 2025 and 1.5-2.5% in 2026. The regulator previously expected growth of 0.5-2% in 2023, 0.5-2.5% in 2024 and 1.5-2.5% in 2025.
83 RUSSIA Country Report August 2023 www.intellinews.com