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World Bank Says Russian Macro Forecast Better Than Expected, Russian Stocks Higher
2015-06-02 19:57:33| IT Services - Topix.net
The World Bank came out on Tuesday and revised its Russian GDP forecast to a 2.7 percent decline through 2015, marking an improvement from the previous 3.8 percent contraction that was previously projected. The Moscow Times cited the bank's lead economist for Russia who noted that the revision is attributed to a recovery in oil prices in recent months, a stronger ruble and slowing inflation.
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