Open Demo Account
Home / Market Update / Russian Economy’s Contraction Seen Below 4%

Russian Economy’s Contraction Seen Below 4%

M. Ali 8 September, 2020 7:33 pm Market Update

Russia’s Minister of Finance Anton Siluanov said on Tuesday that the Russian economy could contract by less than 4% in 2020, Reuters reported.

This signals an improvement compared with previous forecasts, with signs of recovery from the COVID-19 pandemic and the drop in oil prices.

Meanwhile, the debt-to-GDP ratio is set to reach 20% in 2021.

Tags

Check Also

Yen Under Pressure as Markets Bet on a December Fed Rate Cut

The Japanese Yen remained on the defensive on Wednesday, even as the US Dollar softened …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends