Russia reports 4% GDP growth in 2024, fueled by manufacturing and consumer demand.

Russia reported a 4% GDP increase in 2024, driven primarily by an 8% rise in the manufacturing sector, exceeding initial forecasts. According to Russian Prime Minister Mikhail Mishustin, this growth was spurred by increased technological development and budget expenditures, with consumer demand also playing a key role. The Bank of Russia forecasts GDP growth near the upper limit of its previous projections, around 4%.

2 months ago
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