World Bank projects sustainable post-Covid economic recovery in Russia

The World Bank,

The World Bank, which has in recent weeks been raising its outlook for Russia, said on Tuesday it expects a steady recovery of the nation’s economy this year and in 2022.

“We forecast the growth of the Russian economy in 2021 by 3.2%, supported by strengthening domestic demand and rising energy prices,” it said in a report, adding that “The recovery will be sustainable in 2022, GDP growth will be 3.2% amid easing the effects of the pandemic and stabilizing prices for commodities.”

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