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Russia Suffers Smaller Economic Slump Than Peers in 2020 Bloomberg 2/2/2021 Anya Andrianova (Bloomberg) Russia suffered a smaller contraction than most major economies in 2020 after the government opted not to reimpose a lockdown in the second half of the year. Gross domestic product contracted 3.1% last year, the biggest slump since 2009, Russia’s Federal Statistics Service said Monday. The contraction was softer than expected by economists, who forecast a 3.7% drop in a Bloomberg survey. The Economy Ministry had projected a decrease of 3.9%. The economy is expected to grow this year, according to a separate Bloomberg survey, but economists warn that may be compromised by a slower than planned rollout of the Covid-19 vaccine.

Artem zaigrinScott johnsonEconomy ministryRussia federal statistics serviceFederal statistics serviceBloomberg pandemic slumpEconomists saySova capitalஸ்காட் ஜான்சன்பொருளாதாரம் அமைச்சகம்ரஷ்யா கூட்டாட்சியின் புள்ளிவிவரங்கள் சேவைகூட்டாட்சியின் புள்ளிவிவரங்கள் சேவைபொருளாதார வல்லுநர்கள் சொல்சோவா மூலதனம்