Russia’s Economy Picked Up in Early 2024 on Consumers, Exports
By Bloomberg News
April 1, 2024 at 12:38 PM EDT
Russia’s economy accelerated at the start of the year on the back of strong consumer demand, investment and exports, as the country continues to weather the impact of sanctions following the invasion of Ukraine.
Despite signs growth was slowing at the end of last year, the economy picked up in the early months of 2024, according to a Monday statement by the Bank of Russia summarizing its decision to hold rates at last month’s meeting.
bert, since you claim to study Russia’s economy closely, please comment on Bloomberg’s critique of Russia’s booming economy in #55.