Russia’s 2020 economic contraction seen at less than 4%: finance minister By Reuters

Russia's 2020 economic contraction seen at less than 4%: finance


© Reuters.

MOSCOW (Reuters) – Russia’s economy is seen contracting by less than 4% in 2020, Finance Minister Anton Siluanov said on Tuesday, an improvement on the 4.7% figure forecast in a Reuters poll late last month.

Speaking at a financial forum in Moscow alongside Central Bank Governor Elvira Nabiullina, Siluanov added that Russia’s 2020 budget deficit was seen at around 4% of gross domestic product (GDP).

 

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