Talking Trends: GDP growth continues early in year
12 March 2024
News
Flash data show that the Russian economy continued to grow between January and February on the back of rising demand. Most sectors still report worker shortages, and production capacity utilisation is at a record high.
The pace of consumer price growth, which declined in the winter months from its autumn highs, remains elevated. Leading indicators suggest a dip in inflationary pressures in the industrial sector, which normally feeds through to retail in a while.
Sustainably tight monetary conditions in the months ahead are set to bring a further gradual slowdown in inflation as the economy returns to a balanced growth path.
More details are presented in Talking Trends, a Bank of Russia bulletin.
Preview photo: Maxim Slutsky / TASS