Morgan Stanley has improved the forecast for Russia’s real gross domestic product (GDP) dynamics in 2016 to a 0.6% contraction from a 2.1% fall projected earlier, the bank said in a statement. The Bank has improved the growth forecast of Russian GDP from 0.9% to 1.4% in 2017. The Russian economy will continue to be in a recession in July–September 2016 and will start to increase in October–December 2016, the bank said.

 

 

 

Photo: etoday.kz

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