wiiw Forecast Reports
RUSSIA: Back to ‘twin surpluses’
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in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 102-105
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