Central Bank Predicts Russia Will Return to Economic Growth in 2024

INSUBCONTINENT EXCLUSIVE:
Friday.According to the bank's baseline scenario, Russian gross domestic product (GDP) will record an annual fall of up to 6% this year
But, in the fourth quarter of 2023, the economy will return to growth, according to the bank, and this will continue the year after.The
invasion of Ukraine in February and international sanctions on Moscow plunged the country's economy into a period of decline that most
successful transformation of the economy," the Central Bank report said.Russian GDP contracted by 4% year-on-year in the second quarter of
buying the currencies of so-called "friendly" countries including China, India and Turkey.Western currencies are much harder to obtain