Home / World Economy / World Economy News / Russia’s economy will shrink by no more than 5% in 2022 -Kremlin aide

Russia’s economy will shrink by no more than 5% in 2022 -Kremlin aide

Russia’s economy will contract by no more than 5% in 2022, presidential adviser Maxim Oreshkin said, giving a much more optimistic forecast than the economy ministry.

The ministry said this week it expected gross domestic product (GDP) to contract by 7.8% in 2022. Previously, it had said the economy was on track to contract by more than 12%, in what would be the biggest GDP drop since the aftermath of the fall of the Soviet Union.
Source: Reuters

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping