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Izvestia: Russia’s GDP will decline by 3.6% at the end of the year

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Federal news agency
Federal news agency

According to the results of the current year, Russia’s GDP will decrease by 3.6%. Next year, the fall will be 3.3%, according to the consensus forecast of financial institutions, rating agencies and banking analysts. “News”.

Olga Veretennikova, vice-president of Borsell, noted that the Russian economy as a whole turned out to be more stable than Western politicians expected. High energy prices helped mitigate the fall in GDP, the expert added.

Anton Pavlov, deputy chairman of the board of Absolut Bank, believes that Russia coped with the sanctions much better than predicted. Enterprises quickly rebuilt, not without the help of government support measures. According to the expert, partial import substitution has been noted in many areas.

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