The Russian economy is likely to grow by around 0.5 percent this year but the overall threat to stability from the crisis in Ukraine would not be "large scale", central bank Governor Elvira Nabiullina said Friday.
The Russian economy is likely to grow by around 0.5 percent this year but the overall threat to stability from the crisis in Ukraine would not be "large scale", central bank Governor Elvira Nabiullina said Friday.The Bank of Russia will revise its 2014 gross domestic product growth forecast to around 0.5 percent, down from an earlier forecast of a 0.9 percent expansion.The Russian economy is on the brink of recession after the impact of sanctions and instability resulting from the stand-off with Ukraine.
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