Will the Russian economy grow against the backdrop of a global recession?

UDC 330.354

Authors

Emelianenko A.V.
Student of the O. E. Kutafin University (MSUA), Moscow, Russia

Abstract

This article examines the impact of the global recession on the Russian economy. As a result of the global crisis, demand and prices for a number of Russian export goods (energy, raw materials, consumer goods) may fall. In the financial sector, the influence will be less due to the forced strict control of this sphere by the state. The growth of investment and consumer demand within the country should largely compensate for the external negative. GDP growth excluding the crisis in 2023 may be up to one percent.

Keywords

Russian economy, global recession, exports, GDP.