Russian economy to return to pre-crisis levels in 2024 - Nabiullina
MOSCOW. June 9 (Interfax) - The Russian economy continues to recover, and according to the Central Bank, it will reach its pre-crisis level in 2024, Governor of the Bank of Russia Elvira Nabiullina said at a briefing following a session of the Central Bank's Board of Directors, at which it left the key rate unchanged at 7.5%.
"The economy continues to recover to pre-crisis levels. As of April, business activity increased in many basic sectors of the economy, including manufacturing, construction, retail, and the service and catering sectors," she said.
"According to our forecast, taking into account the gradual replacement of external demand by domestic, the economy will fully return to its pre-crisis level next year," Nabiullina said.