Russia projects robust 7.8% investment growth in 2024
Russia is set to see a 7.8% increase in overall investment in 2024, and further 2% growth in 2025, says Deputy Prime Minister Alexander Novak. Investment growth is a key indicator of economic health, reflecting how much capital businesses and governments are putting into developing infrastructure, production capacity, and services.
“The outlook remains positive, as the base level set in 2024 is exceptionally high,” the minister stressed. “Continued growth, even at a slower pace, indicates a robust economy.”
Known as a high base effect, this phenomenon occurs when a significant increase in one period makes subsequent percentage growth appear modest, even if absolute levels remain robust.
According to Mr Novak, investment across the country in 2023 increased by 10% year-on-year.
SberIndia has previously reported positive results and an upbeat outlook in several sectors, in particular in agriculture and seafood industries.
Mr Novak has projected that Russia’s GDP growth will range between 2% and 2.5% in 2025, signalling a continued, albeit slower, trajectory following higher growth rates in recent years.
One of the key drivers behind Russia’s economic growth, however, is the digitalisation of industries in the country.
Source: TASS