The lack of a working-age population is one of the factors preventing the Russian government from announcing a new wave of mobilization.
As a result of the war against Ukraine, the Russian economy lost from 1.5 to 1.7 million citizens of working age. The Foreign Intelligence Service reported this on Monday, January 6.
“In 2025, the labor market in the Russian Federation is expected to slow down the rate of wage growth, maintain the level of unemployment at the current level, and increase the lack of personnel. The reason is the continuation of the Russian-Ukrainian war “Because of the war, the Russian economy has lost from 1.5 to 1.7 million able-bodied citizens,” the message said.
The forecast for the development of the situation in the long term is also negative: by 2045, the labor market in the Russian Federation is expected to shrink by 7-10 million people from the current 76 million working citizens.
“The worsening situation in the labor market leads to the deepening of stagflation processes in the Russian economy – an increase in the level of inflation due to an increase in wages, a decrease in production levels, and the bankruptcy of some enterprises,” said SVR.
Previously, the National Bank of Ukraine changed the main macroeconomic indicators for the current and subsequent years. Thus, GDP growth at the end of 2024 will be 4% instead of 3.7% predicted in July, and at the end of 2025 – 4.3% against the previously expected 4.1%.
At the same time, the IMF predicts that in 2024 the Ukrainian economy will grow by 3%, and in 2025 – only by 2.5%.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.