Page 28 - Russia OUTLOOK 2024

macroprudential measures are likely to restrain bank lending, which supported household spending in 2023.
While public investment projects and further expansion of trading infrastructure towards Asia are anticipated to continue, residential construction is projected to slow down amid cooling demand for housing, reflecting tighter monetary policy. The external side is set to contribute negatively in 2024 and remain broadly unchanged in 2025.
What the Ukraine war has cost Russia
Russia’s campaign to subjugate Ukraine has led to a lost decade due to the enormous costs of the campaign.
Russia's economic growth has lagged behind the global average over the past decade, influenced by factors such as an oil price crash and the COVID-19 pandemic. However, the primary reason for this underperformance has been the Kremlin's confrontational foreign policy towards Ukraine, reports The Bell.
28 Russia OUTLOOK 2024 www.intellinews.com