Recent reports indicate that Russia’s economy is experiencing a deceleration following a sustained period of growth. The Ministry of Finance has outlined projections indicating a decrease in GDP growth over the next fiscal year. Factors contributing to this slowdown include reduced consumer spending, decreased oil and gas revenues, and challenges within the manufacturing sector. Government policies focused on fiscal consolidation are impacting overall investment and economic activity. Economic indicators are being closely monitored, and adjustments are being considered to mitigate potential long-term challenges.
Credits: Finance & economics
