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he 4.6% growth in Russia's industrial production in 2024, reported by Rosstat on 5 February, was a record for the past three years, and if we do not take into account the post-covid surge in 2021, then for the past 13 years.
These dynamics were driven by the manufacturing industry, and it was not o...
The industry is contributing to the Russian economy's growth this year. Notably, the manufacturing sector has demonstrated consistent growth, setting new records for two consecutive years. Historically, the most significant growth has consistently been driven by oil and gas production. The question...
A recent report by the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF), has agreed with the earlier assessment of the Internationanl Monertary Fund from September that predicted the industrial production growth in Russia would be at least 3.5% by the end of 2024.
This is lar...
By Rhod Mackenzie
The latest statistics have shown a significant increase in the Russia's industrial sector. The mayor of Moscow, Sergei Sobyanin, has highlighted the impressive growth rates of industrial production in his region. Which industries are experiencing the most rapid expansion and why...
By Rhod Mackenzie
Vladimir Putin outlined ten structural changes in the Russian economy, which have enabled the country to become the fourth largest economy in the world while maintaining its growth rate. The president also announced the adoption of new measures to support regions, citizens and bu...
By Rhod Mackenzie
Russia's annual GDP growth reached 4.4% in April, up from 4.2% in March, according to a review of the current situation in the Russian economy by the Ministry of Economic Development. Excluding seasonal factors, GDP in April increased by 0.2% compared to the previous month, while...
