Russian economists and entrepreneurs foresee headwinds for the economy in 2025

Economic growth in Russia is expected to slow down in 2025 due to a number of factors, including the ongoing war in Ukraine, the impact of sanctions, and the global economic slowdown.

The Russian economy is expected to grow by just 1.5% in 2025, down from 2.5% in 2024. This slowdown is due to a number of factors, including:

• The ongoing war in Ukraine is having a negative impact on the Russian economy. The war has led to a decline in exports, a rise in government spending, and a loss of confidence among businesses and consumers.
• The impact of sanctions is also weighing on the Russian economy. The sanctions have made it difficult for Russia to access foreign capital and technology, and have led to a decline in investment.
• The global economic slowdown is also having a negative impact on the Russian economy. The slowdown has led to a decline in demand for Russian exports, and has made it more difficult for Russia to attract foreign investment.

The Russian government is taking steps to address the challenges facing the economy. These measures include:

• Increasing government spending to stimulate economic growth.
• Providing financial assistance to businesses affected by the sanctions.
• Promoting economic diversification to reduce the dependence on the oil and gas sector.

Despite the challenges facing the Russian economy, there are still some positive signs. The Russian government has a strong fiscal position, and the country has a large domestic market. If the war in Ukraine can be resolved and the sanctions can be lifted, the Russian economy has the potential to recover.