OECD improves Russian 2023 GDP outlook, now expects 1.3% growth

MOSCOW. Nov 29 (Interfax) - The Organisation for Economic Co-operation and Development (OECD) has improved its outlook for the Russian economy in 2023, and now expects growth of 1.3%.

Russian GDP could rise 1.1% in 2024, according to the OECD's forecast.

The OECD's September forecasts envisaged 0.8% GDP growth this year and 0.9% next year.

The forecast for 2025 is for growth of 1%.