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Moody's expects Russia’s GDP to grow by 1% in 2017

12 Jan 2017

• 12 Jan 08:55

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Moody's international rating agency forecasts that Russia’s GDP will grow by 1 percentin 2017, according to the agency’s report released on Jan. 11. "Moody's projects that Russia, the largest economy by far among the nine countries, will record positive, albeit modest, real GDP growth of 1 percentin 2017 after two years of recession. This upturn will lift the broader region due to trade and financial linkages," the agency said. According to the agency’s experts, "stabilization of oil prices has eased the direct and indirect economic and fiscal pressures on the nine rated sovereigns in the Commonwealth of. Read more...