The GDP of the Russian Federation in 2022 will fall by 11.2%, the World Bank predicts.
In 2023-2024, the Russian economy will compensate for only a small part of this failure, adding 0.6% and 1.3%, respectively, according to a World Bank report on the prospects for the economies of Europe and Central Asia against the background of the Russian special military operation in Ukraine and its consequences.
Investments in the Russian Federation, according to the bank's forecast, will drop by 16.9% in 2022. Export of goods and services will decrease by 30.9%, import - by 35.2%. The forecast for the Russian consumer price index is 22%.
The share of people living below the poverty line, according to the WB, will increase in 2022 to 12.8% from 11% in 2021.
