- Analytics
- News and Tools
- Market News
- Russian real GDP to contract around 10% this year and another 2.5% in 2023 – BMO
Russian real GDP to contract around 10% this year and another 2.5% in 2023 – BMO
It is true that Russia’s economy has held up better than initially thought say in early March. Nonetheless, the outlook for Russia’s economy remains grim with the country likely to experience a deep, multi-year recession, economists at the Bank of Montreal report.
Russian economy's long-term picture does not look pretty at all
“The Russian economy may not be imploding but its long-term picture does not look pretty at all, even if a mutually acceptable peace agreement is unexpectedly brokered.”
“For now, we are forecasting real GDP to contract around 10% this year and another 2.5% in 2023.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
