Russian economy in 2022. Adaptation and a growing budget gap
Russian economy in 2022. Adaptation and a growing budget gap
Author(s): Iwona Wiśniewska
Subject(s): National Economy, Business Economy / Management, Agriculture, Energy and Environmental Studies, Economic policy, Environmental and Energy policy, Government/Political systems, International relations/trade, Military policy, Fiscal Politics / Budgeting
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: Russia; Economy; 2022; Budget; Agriculture; consumer demand; natural gas output; Russian currency;
Summary/Abstract: Russia’s macroeconomic performance in 2022 confounded forecasts from one year ago, a few weeks after the invasion of Ukraine. However, in wartime conditions, indicators such as GDP do not accurately reflect the real state of the economy, due to the rapidly increasing military expenditure, the scale of the ongoing changes and major differences between individual sectors. Furthermore, the credibility of the published macroeconomic data is declining and the government has been restricting access to statistical data.
Series: OSW Commentary
- Page Count: 8
- Publication Year: 2023
- Language: English
- Content File-PDF