World Bank Cuts Russia’s 2020 Growth Forecast
The Russian economy is expected to grow by 1.6% in 2020 and by 1.8% in 2021, the World Bank said in its latest forecast Wednesday. The multilateral development bank trimmed Russia’s forecast for this year by 0.1 percentage point from its previous outlook, but kept its 2021 forecast intact. Stable oil production and the government’s…