**Russian Economy Faces Challenges Despite Putin’s Claims**
The Russian Central Bank is considering a big change. They might increase interest rates by 25%. This could be because of problems with inflation, or rising costs.
Russia‘s President Vladimir Putin said the country‘s economy will grow by 4% by the end of 2024. He made this statement at a meeting with investors on December 4th. He also said that Russia’s GDP (a measure of how much money a country has) increased by 4.1% from January to October.
However, Ukraine‘s intelligence agency thinks Russia might not be able to achieve its goals. They say Russia wants to win a war against Ukraine by 2026, but they are limited by economic and military problems. Russia is also struggling with Western sanctions, shortages of workers, and slower growth.
Russia is trying to get help from other countries like China, Türkiye, and North Korea. But despite these efforts, Putin’s projection of growth might not be realistic. The country still faces many challenges.
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