Russia: Central Bank, GDP contraction between 8% and 10%

(ANSA) - ROME, APRIL 29 - Russian GDP should contract between 8% and 10% in 2022, and then gradually recover from 2023 through "structural adjustments".

This was stated by the Russian central bank, forecasting another 3% contraction for 2023 and then growth between 2.5% and 3.5% in 2024. Loriporta la Tass.

    The Central Bank has also cut the discount rate from 17 to 14% and expects inflation between 18 and 23% by the end of 2022.

(HANDLE).