S&P upgrades Russia’s economic outlook for 2021

S&P Global Ratings expects

S&P Global Ratings expects Russia’s economic growth to reach 3.7% this year. The agency has upgraded its previous forecast of 3.3%, published in March.

The New York-based ratings agency expects the Russian economy to grow by 2.5% next year, while projecting further growth of 2% in 2023 and 2024.

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