Russia’s GDP to expand in ’24 – Novak

Russia’s GDP is expected to grow by 3.9-4 per cent in 2024, Deputy Prime Minister Alexander Novak told Rossiya-24.

He highlighted the economy’s “sustainable and dynamic development,” with growth reaching 4.1 per cent in the first 10 months of 2024, up from 3.6 per cent in 2023.

Over the past two years, Russia’s economy has grown nearly 8 per cent, Novak noted, emphasising its resilience.

He also confirmed that Russia has entered the top four largest global economies by purchasing power parity this year.

Attribution: TASS

Subediting: M. S. Salama