Russian Economy To Suffer Deep Recession In 2022 Followed By Milder Decline In 2023
Country Risk / Russia / Fri 01 Jul, 2022
Key View
- At Fitch Solutions, we maintain our view that the Russian economy to contract by 12.5% y-o-y in 2022 due to the extremely negative impact of Western sanctions over the invasion of Ukraine.
- However, we have adjusted our 2023 growth outlook down from 2.5% to -1.0% due to the expectation that hydrocarbon exports will be considerably