“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.
In 2024, Russian economic growth will amount to 2 percent - 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. The Russian economy will experience further setbacks if it does not get the shortage of skilled workers under control.