Russian President Vladimir Putin noted in his address to the Federal Assembly 2024 that in 2023 Russia s economy was growing at a rate higher than the global economy.
Russia's economy grew 3.6 percent last year thanks to a boost in military spending because of the offensive in Ukraine although long-term economic challenges remain, official data showed on Wednesday.
The Central Bank of Russia announced on Friday that it had upgraded its forecast for the GDP dynamics in 2023 and now expects it in the range of 1.5-2.5% instead of the previous 0.5-2%.