The country’s economy is expected to expand 3.2% this year, according to the latest report from the institution The World Bank (WB) has sharply raised its growth forecast for the Russian economy, projecting the country’s GDP to expand 3.2% this year. The figure is an upward revision from the institution’s previous projection of 2.9% growth. The WB also hiked Russia’s 2025 economic growth forecast to 1.6%, up from the 1.4% projected in June, according to its latest Europe and Central Asia Economic Update, released on Thursday. The forecast for 2026 remained unchanged at 1.1%. “Growth remains well above potential
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