Deutsche Bk raises ‘20 Russia GDP fall forecast to 6.4% from 4.2%

MOSCOW, May 8 (PRIME) -- Deutsche Bank has lowered the 2020 Russian gross domestic product (GDP) forecast to a 6.4% decrease from a 4.2% fall, according to a research note seen by PRIME late on Thursday.  

The Russian economy is to dive by 13% in April–June, to rise by 5.5% in July–September and grow by 1.3% in October–December. The GDP is to grow 3.4% in 2021.

A scenario of prolonged isolation presumes an 8.1% GDP fall in 2020 and a 1.6% rise on 2021.

The bank said that Russia has not left the peak of the pandemic behind but the healthcare system has been stable enough to keep the death toll low. Recovery to the pre-virus economic performance is expected at the end of 2021.

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