It is going up again – OECD raises Russia forecast
The Organization for Economic Cooperation and Development (OECD) has raised its forecast for Russia’s economic development. In March, the OECD had predicted that Russia‘s gross domestic product (GDP) would fall by 2.1% this year and 0.5% next year. The new forecast now assumes a reduced decline of 1.5% and -0.4%. The World Bank also published…