January Also News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Rising oil prices will drive up inflation, interest rates; may slow growth

Follow RT on The International Monetary Fund (IMF) has upgraded its forecast for economic growth in Russia for the second time this year, and now expects GDP to gain as much as 3.8% in 2021. In its April report, the IMF raised its projections for Russia’s GDP by 0.8% compared to its January outlook, and by 1.5% compared to its October forecast. While the outlook for Russia’s economic performance in 2021 has been raised for the second time, next year’s growth could be slightly slower than previously thought. The IMF expects Russia’s GDP to grow at the same pace as this year in ...

Follow RT on The Italian government has approved the AstraZeneca Covid-19 vaccine for people aged over 65, the health ministry has said, a month after Italy and other EU states barred the elderly from getting the jab amid efficacy fears. “Scientific evidence that has become available ... indicates that, even in people aged over 65, the vaccine is capable of providing significant protection,” the ministry said in a statement on Monday. The AstraZeneca vaccine, developed by the Anglo-Swedish company in partnership with Oxford University, had at first been given approval in Italy on...