The European Commission has upgraded its economic growth forecast for Russia for this year and the next, as Russia's GDP is predicted to rise by 2.7% in 2021 and 2.3% in 2022, according to a new forecast
MOSCOW (Pakistan Point News / Sputnik - 12th May, 2021) The European Commission has upgraded its economic growth forecast for Russia for this year and the next, as Russia's GDP is predicted to rise by 2.7% in 2021 and 2.3% in 2022, according to a new forecast.
In the bloc's spring economic forecast, experts noted that Russia suffered only a moderate fall in GDP in 2020 amid the COVID-19 pandemic, but noted that the recent geopolitical tensions may hinder the country's economic recovery.
Back in February, the bloc predicted that Russia's GDP would rise 2% in 2021 and 1.9% in 2022.
