The economic decline in Russia due to the Covid-19-related crisis will be around four percent this year, which is less than in other countries, Russian President Vladimir Putin said at the Russia Calling investment forum.
“Recession is observed not only in Russia, but throughout the world, in the entire global economy. As for the Russian economy, the decline is lower than in other economies, including the so-called developed economies,” he said. Next year’s deficit is seen at 4.2 percent, with an economic improvement expected in 2022.
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