By Walter Grand in Economy —

Bloomberg believes that the worst for Russia's economy is yet to come

Bloomberg believes that the worst for Russia's economy is yet to come
Photo by Colin Watts / Unsplash

Analysts polled by the agency believe that Russia's GDP in the first quarter of 2023 will fall by 8%. This will be the peak of the recession.

According to the forecast, the recession in the Russian economy will last 2 years: a fall of 3.5% in 2022 and 2% in 2023.