“Growth miracle” is coming to an end: Russia’s economy is suffering from inflation and the war in Ukraine. Sanctions, high government spending, stubborn inflation: there are several factors that will severely slow down the growth of the Russian economy.
The researchers expect that Russian economic growth will amount to 2 percent in 2024 - in 2025 and 2026 the economy will only grow by one percent. In the long term, Russia's economy will grow at the expense of its own future.