Russia Expects Significant Slowdown in Industrial Production Growth.
The Ministry of Economic Development of the Russian Federation predicts a decrease in the country's industrial production growth rate to 2% in 2025.
The most significant slowdown is expected in the manufacturing industries, which account for more than half of the overall industrial index: from 7% growth in 2024 to 2.9% in 2025.
In certain sectors, there may be a significant decrease in growth rates, particularly in the production of finished metal products, computers and electronic products, "other" vehicles and equipment.
The output of the radio-electronic industry increased by 36.2% in 2023, and growth of 29.7% is expected in 2024 thanks to stable demand and government programs. However, in 2025, the growth rate will decrease to 2.5%, and by 2027 it will gradually increase to 6.8%.
The production of finished metal products increased by 28% in 2023, and growth of 30.9% is expected in 2024. However, in 2025, the rate will drop to 4.3% and will not exceed 5.2% thereafter.
The production of electrical equipment increased by 21% in 2023, but in 2024, a slowdown to 7.2% is predicted, and in 2025 - to 2.8%.
Source: RBC
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