Tag: Maxim Reshetnikov

RUSSIALINK: “Econ Ministry ups 2021 Russian GDP growth forecast to 4.2% from 3.8%, lowers 2022 forecast to 3% from 3.2%” – Interfax

Economy, Business, Investment, Trade, Politics, Government, Protests, Elections
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MOSCOW. Sept 8 (Interfax) – Russia’s Economic Development Ministry expects the country’s GDP to grow at least 4.2% in 2021 – these figures have been included in the new macroeconomic forecast, Economic Development Minister Maxim Reshetnikov said during a session at the Moscow Financial Forum. “The economy – 4.2% this year is the minimum growth estimate. This is what we […]

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JRL NEWSWATCH: “Russia’s Economy Suffers Double Hit From Oil Slump and Coronavirus” – Wall Street Journal/ Thomas Grove, Georgi Kantchev

Coronavirus, Covid-19 Pandemic, Economy, Business, Investment, Trade, Health, Epidemics, Substance Abuse, JRL NewsBlog, Politics, Government, Protests, Elections
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“As infections grow, Russia finds a shortfall in oil revenue hurts its ability to offer the kind of emergency support provided in the West.” “… [Russia’s] slump … began … when coronavirus lockdowns in China and elsewhere pushed oil prices lower. … Putin’s hesitance in joining … big producers to curtail output compounded the problem, driving oil to its lowest […]

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