wiiw Forecast Reports

RUSSIA: Back to ‘twin surpluses’


Vasily Astrov

in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 102-105

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Despite the persistently unfavourable COVID-19 situation, the economy has rebounded strongly and exceeded the pre-pandemic level in Q2 2021. But inflation has also accelerated markedly. In response, the policy interest rate has been hiked sharply, and more rises are likely to follow. Real GDP is projected to grow by 4% this year and by around 3% per year in 2022-23.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Russia