Moody’s improves outlook for Russia’s 2021 GDP growth to 2.3%

MOSCOW, Dec 17 (PRIME) -- International rating agency Moody’s has improved its forecast for Russia’s gross domestic product (GDP) growth in 2021 to 2.3% from 2.2%, the agency said on Thursday.

The agency expects the Russian economy to fall by 5.5% in 2020.

The state debt will grow to slightly over 20% of GDP by the end of 2021 from 13.9% in 2019, the agency also said.

End