EBRD: Russian economy to decline next year

29.09.2022,11:56


September 29, Fineko/abc.az. The EBRD has improved its expectations regarding the dynamics of Russia's GDP for the current year, but worsened them for the next year. The EBRD forecasts recession in the Russian economy in 2022.

ABC.AZ reports that according to EBRD forecasts, the recession in the Russian economy in March and May will be twice as large as expected.

At that, decline in GDP (by 3%) is forecast for 2023 instead of the zero dynamics envisaged in the previous forecast.