Fitch worsens outlook for Russia’s 2020 GDP fall to 3.3%

MOSCOW, Apr 22 (PRIME) -- International rating agency Fitch has worsened its outlook for Russia’s gross domestic product (GDP) decline in 2020 to 3.3% from 1.4% expected earlier in April amid the coronavirus pandemic and lower oil prices, the agency said on Wednesday.

Fitch also improved its forecast for Russia’s GDP growth in 2021 to 2.5% from 2.2%.

In 2019, Russia’s economy grew 1.3%.

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