By Reuters Staff
2 Min Read
MOSCOW, Feb 18 (Reuters) - Russia’s main barometers of economic health, such as employment, consumer demand and wages, all exceeded expectations in January, opening the door for economic recovery in 2021, data showed on Thursday.
Russia’s commodity-dependent economy is on track to grow this year after shrinking 3.1% in 2020, its sharpest contraction in 11 years which, however, was smaller than expected.
Economic growth and a recovery in living standards in Russia are a crucial issue for President Vladimir Putin and the United Russian ruling party. The latter is bracing for parliamentary elections in September amid massive street protests that rocked Russian streets earlier this year.
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