Russia’s gross domestic product (GDP) expanded 10.7% year-on-year in April, according to the Ministry of Economic Development, which projected an “anomalously high” GDP growth for May.
Although the economy is recovering faster than expected, it makes more sense to compare its pace with the 2019 level, Minister of Economic Development Maxim Reshetnikov told newspaper Izvestia. The ministry forecasts a 2.9% economic growth for this year.
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