Analysis by Region - Emerging Markets - Russia

Analysis by Region - Emerging Markets - Russia

We raised our 2024 GDP growth forecast for Russia by 0.6ppts to 3% on the evidence that growth momentum has remained strong in Q1 despite the stringent monetary policy. In the absence of real competition, Vladimir Putin won the March presidential election with 87% of the votes. We see no reason to expect major changes to the country's political course or macroeconomic policies under his stewardship during the new six-year presidential term.

Russia: Putin's cruise to easy victory won't alter policy materially
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Economic development
Structure of the economy
Balance of payments and structure of trade

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