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MoodyТs lowers RussiaТs 2020 GDP growth outlook to 0.5%

MOSCOW, Mar 25 (PRIME) -- International rating agency MoodyТs has lowered its outlook for RussiaТs gross domestic product (GDP) growth in 2020 to 0.5% from 1.5% amid a decline in oil prices and the coronavirus pandemic, the agency said on Wednesday.

MoodyТs said it projects that the base price for Brent oil will be around 30% lower than previous forecasts, and as a result RussiaТs economic growth will slow to 0.5%.

End

25.03.2020 16:18
 
 
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