S&P upgrades Russia’s economic growth outlook for 2021

International rating

International rating agency S&P has improved its outlook for Russia’s GDP growth this year to 4% from its previous forecast of 3.7%, according to a survey released on Tuesday.

The document, focusing on emerging markets, also gave a forecast for Russia’s GDP in 2022 and 2023, with the agency’s analysts expecting the country’s economy to grow by 2.6% and 2% in the next two years, respectively.

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