Russia’s economy continued to rebound from its pandemic-induced recession in the fourth quarter of 2020, easing its contraction as President Vladimir Putin opted against imposing a second national lockdown. Gross domestic product declined 1.8% from a year ago, the Federal Statistics Service said. That was less than the median forecast of economists for a drop of 2.2%. The full-year contraction was revised to 3% from 3.1%, the service said, also updating previous quarters. The economy of the world’s largest energy exporter contracted less than many of its peers last year as Russia imposed lighter Covid-19 restrictions following an initial lockdown. Its service sector is also relatively small
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