By the end of 2024, the Russian economy may face several key challenges.
According to Olga Borisova, Associate Professor of the Department of Corporate Finance and Corporate Management at the Financial University under the Government of the Russian Federation, the main challenge will be inflation.
The inflation rate is predicted to be up to 7.3%, writes Gazeta.Ru
The expert named the rise in prices for raw materials and the decline in production as the main reason for the rise in inflation.
A weakening national currency can also put pressure on the economy.
The 2.53-fold increase in the key rate since July 2023 has affected loans.
Borisova emphasized that the introduction of new sanctions in late 2024 - early 2025 could lead to an increase in parallel imports and import substitution.
She said GDP growth could slow to 0.5-2.5% in 2025.
According to the expert, Russia may face a personnel shortage.
The labor market is experiencing a shortage of qualified specialists. The tightening of migration policy from 2025 may worsen the problem.
Borisova concluded that by the end of the year, the Russian economy could face high inflation, a weakening ruble, trade barriers, slowing growth and a labor shortage.
