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Author Topic: Russia expects economy to shrink 4.5% this year.  (Read 517 times)

Xikk

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on: November 30, 2020, 06:47:35 AM
Russia expects economy to shrink 4.5% this year, coupled with millions of additional poor people.

Xinhua news agency reported that Alexei Goodrin, the head of the Russian government's finance department. Revealed on Saturday that The Russian economy is likely to shrink 4.5 percent this year.

"The country's economy may shrink more than 4% and possibly 4.5%," the Sputnik news agency quoted Kudrin as saying.

In addition, Mr. Goodrin said that Russia will have an additional 1 million poor people, adding that "We need to focus on the people who need more support."



 

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