The media noted that the state's economy has been overheated by large-scale spending on its own, but may cool sharply amid growing restrictions in key sectors that have so far contributed to growth.
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The rate of GDP growth may be affected by the depletion of labor resources, for which business and the army compete. It will limit the further development of industries related to the defense industry, and the banking sector and construction will be negatively affected by high rates, the publication added.
Bloomberg added that by the end of the second quarter, Russia's GDP growth is likely to be estimated at more than 4%. However, the pace is likely to slow down by half before the end of 2024, analysts say.
Recall that in mid-July, Prime Minister Mikhail Mishustin said that the country's GDP grew by 5% from January to May this year compared to the same period in 2023. He stressed that the result exceeded forecasts and was achieved despite the negative external influence.
