Russia Forecasts Losing Ground in Global Economy by 2030 - Bloomberg

Russia Forecasts Losing Ground in Global Economy by 2030 - Bloomberg:

"Russia’s share of the world economy will probably shrink during the next 20 years as growth trails the global average, Economy Minister Alexei Ulyukayev said.
Gross domestic product will rise at an average pace of 2.5 percent through 2030, less than the 3.4 percent to 3.5 percent global rate, materials provided today by the ministry show. That would reduce Russia’s share of world economic output to 3.4 percent by 2030 from 4 percent last year, the ministry said.
President Vladimir Putin’s government is struggling to stem the worst economic slowdown since a 2009 recession. The central bank, where Ulyukayev served previously as first deputy chairman, has been reluctant to reduce interest rates because consumer-price growth has held above its target this year."

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