GDP is forecast to expand 1.5% in 2024 against the euro area’s 0.5% © Getty Images / Andrea Nicolini
Western sanctions have so far failed to halt Russia’s economic growth, which is now projected to outpace that of the Eurozone, the Guardian reported on Thursday, citing investment firm Amundi.
According to the company’s forecast, Russia’s gross domestic product (GDP) will grow by 1.5% in 2024. In contrast, the Eurozone economy is set to expand by mere 0.5% next year, according to Amundi, Europe’s largest fund manager in terms of assets.