[HIGHLIGHTS] War of aggression against Ukraine stimulates Russia's economy

The International Monetary Fund (IMF) is “surprised” by the growth of the Russian economy. In January, the IMF predicted growth of 2.6 percent for Russia in 2024 - 1.5 percentage points more than was expected in the fall.

The Russian economy has a high proportion of military spending, which stimulates production. However, we are currently also seeing signs of an “overheating of the economy” – such as an increase in inflation. The IMF expects growth of 1.1 percent for the coming year.