Russia's economy shrank 2.1% in 2022 under the pressure of Western sanctions and fallout from its military campaign in Ukraine. (Reporting by Reuters Editing by Peter Graff)
MOSCOW, April 18 (Reuters) - Russia's economic growth
this year is likely to come in at the top end of the central
bank's forecast range of between minus 1% and 1%, a senior bank
official said on Tuesday.
In an interview broadcast on state TV, Deputy Governor
Alexei Zabotkin said operational data from the first quarter of
2023 indicated growth was likely to fall "in the more optimistic
part of this range".
Last week Russia's economy ministry raised its own 2023 GDP
forecast to predict 1.2% growth, up from previous expectations
for a 0.8% contraction, and the International Monetary Fund has
also raised its forecasts for Russia recently - from 0.3% growth
to 0.7%.
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