Oil, Covid, and Economic Growth in Russia

Russia is reaching 2022 with mixed economic performance. The coronavirus pandemic has forced the authorities to declare a lockdown, albeit a short-term and partial one. But a lockdown nonetheless, one which could cause a correction in recovery growth and reduce the final indicator to 4.0-4.2%. Currently, the Bank of Russia’s GDP growth forecast stands at 4, 5%, and the IMF at 4.7%.

 

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