Home » today » World » The Russian Economy Exceeds Potential Level, prompting a Moderation in Growth

The Russian Economy Exceeds Potential Level, prompting a Moderation in Growth

The Russian economy has exceeded its potential level, which implies that after the recovery period, growth will proceed at a more moderate pace. This is stated in the study of the Central Bank.

“In July-August, economic activity in general revived somewhat,” — says in the Bulletin of the Central Bank “What Trends Say”. It is noted that the consequence will be a gradual increase in inflationary pressure in the economy.

In addition, the article states that since July, the number of goods and services has increased in price by 4%. Analysts advised to moderate lending activity.

In August, it was reported that the Russian authorities would stimulate the country’s economydeveloping domestic tourism. To do this, the government is working with the governors on the issue of transport accessibility of the regions.

#gradual #increase #inflationary #pressure #rising #prices
2023-09-05 21:50:00

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.