Fitch worsens RussiaТs 2020 GDP decline outlook to 5.8% - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Fitch worsens RussiaТs 2020 GDP decline outlook to 5.8%

MOSCOW, Jun 29 (PRIME) -- International rating agency Fitch has worsened its outlook for RussiaТs gross domestic product (GDP) decline in 2020 to 5.8% from 5% amid coronavirus and lower oil production, the agency said on Monday.

Fitch also raised its forecast for RussiaТs GDP growth in 2021 to 3.6% from 3% and expects the Russian economy to grow 2% in 2022.

The Economic Development Ministry expects RussiaТs GDP to fall 5% in 2020 and grow 2.8% in 2021, but the forecast has not been approved by the government yet.

The central bank projects RussiaТs economy to decrease 4Ц6% this year and grow 2.8Ц4.8% next year.

End

29.06.2020 17:48
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 80.4062 -1.0614 09 jul
USD 71.2379 -0.9340 09 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1243.79 -0.32 15:55 08 jul
micex 2816.43 -0.31 15:54 08 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 197.96 -1.02 23:49 08 jul
lkoh 5464.00 -0.36 23:49 08 jul
rosn 365.85 -0.80 23:49 08 jul
sber 210.53 -1.90 23:49 08 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 80.9375 -0.5700 14:59 08 jul
USDTD 71.3250 -0.2850 17:44 08 jul