Page 41 - RusRPTJan23

3.2 Macro outlook
Russia’s government assumes that economic contraction in the country will not exceed 1% in 2023, First Deputy Prime Minister Andrey Belousov told reporters on December 16. The Russian Economic Development Ministry’s official outlook for next year suggests GDP contraction by 0.8%. This outlook remains unchanged so far, Belousov said.
The World Bank has increased the reconstruction cost, and Ukraine's GDP has declined. According to the Vice President of the World Bank, Anna
41 RUSSIA Country Report January 2023 www.intellinews.com