Russia forecasts 7.8% GDP contraction in 2022
The Russian Ministry of Economic Development said that it expected the country's gross domestic product (GDP) to decrease by 7.8 per cent year on year in 2022.
The Russian Ministry of Economic Development said that it expected the country's gross domestic product (GDP) to decrease by 7.8 per cent year on year in 2022.
The GVA in Q2 2020-21 from the manufacturing sector grew 0.6 per cent, as compared with degrowth of 0.6 per cent in the corresponding quarter of the previous fiscal.
The contraction in the gross value added (GVA) at basic prices is expected to have moderated considerably to (-) 8.5 per cent.
