Fitch Ratings upgrades Russia’s economic outlook for 2021

International rating

International rating agency Fitch has raised its forecast for Russia’s economic growth this year from 3.3% to 3.7%, saying GDP growth will accelerate to 5.5% in the second half of 2021.

According to the agency’s report, the forecast for Russia’s economic growth has been raised “due to the increase in oil production and the recovery in consumption in the country.”

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