London bank upgrades Russian GDP growth forecast ...News

“Active policy support” is helping the economy to recover despite sanctions, Barclays analysts say Russia’s gross domestic product (GDP) may grow 1.7% this year, UK-based Barclays bank analysts predicted in their weekly economic outlook. According to the report, “active policy support” is helping the Russian economy to grow despite the pressure of Ukraine-related Western sanctions.   Analysts said the fiscal stimulus and lending growth are making for “a faster-than-expected economic recovery, driven largely by domestic demand.” They warned, however, that the Bank of Russia's recent key rate hike and risks of furth

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