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| Fitch upgrades Russia’s growth outlook, projecting economic activity surge | Fitch upgrades Russia’s growth outlook, projecting economic activity surge |
| (6 months later) | |
| International ratings agency Fitch has improved its outlook for the growth of the Russian economy in 2021 from 3% to 3.3%. Higher oil prices helped to improve the forecast, it said. | International ratings agency Fitch has improved its outlook for the growth of the Russian economy in 2021 from 3% to 3.3%. Higher oil prices helped to improve the forecast, it said. |
| “The second wave of Covid-19 negatively impacted economic activity at the beginning of the year,” the agency’s analysts said. | “The second wave of Covid-19 negatively impacted economic activity at the beginning of the year,” the agency’s analysts said. |
| Fitch expects economic activity to rise in the country from the second half of 2021 due to a partial recovery of investments and the vaccination of citizens. | Fitch expects economic activity to rise in the country from the second half of 2021 due to a partial recovery of investments and the vaccination of citizens. |
| At the same time, the ratings agency kept its forecast for Russia’s GDP growth in 2022 unchanged at 2.7%, as it expects that next year will compensate for the economic downturn in 2020. | At the same time, the ratings agency kept its forecast for Russia’s GDP growth in 2022 unchanged at 2.7%, as it expects that next year will compensate for the economic downturn in 2020. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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