Russia's economy is confusing the world's top forecasters, who can't agree if it's expanding or contracting
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Loading... - Helena Guskov
- 12 Apr 2023
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Russia's wartime activity has made it complicated to forecast whether the economy is contracting or expanding.
Goldman Sachs, Morgan Stanley, the World Bank, and IMF disagree on how the economy is doing.
Here are seven different outlooks on Russia's economy.
The world's top forecasters can't reach a consensus on whether Russia's economy is expanding or contracting.
The uncertainty of war and ambiguity of official data — Moscow stopped sharing some economic figures shortly after invading Ukraine last year — make forecasting a complicated task. Some banks and international organizations expect Russia to see an economic expansion this year, while others anticipate further deterioration before a rebound.
Here are seven forecasts for Russia's real GDP in 2023 from some of the world's top forecasters, per data compiled by the Wall Street Journal.
JPMorgan: 1.0%
International Monetary Fund: 0.7%
World Bank: -0.2%
Morgan Stanley: -0.6%
Bank of Russia: -1.1%
Goldman Sachs: -1.3%
