World Bank revises Russian GDP forecast ...News

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The country’s economy is expected to do much better this year than bank had earlier predicted The Russian economy is doing considerably better than expected, according to the latest report from the World Bank, which anticipates a 0.2% GDP decline in 2023. That’s a significant improvement from the 3.3% contraction forecast in its January outlook. In its Europe and Central Asia Economic Update, released on Thursday, the World Bank reported that the Russian economy contracted by only 2.1% in 2022 in the face of severe sanctions. According to the report, after a steep contraction in the second quarter of 2022, driven

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