Moody's becomes more pessimistic about Russian economy

Moody's becomes more pessimistic about Russian economy

Moody's Investors Service has revised down its GDP growth forecasts for the Russian economy.

Previously, experts predicted  Russia's GDP will drop by 1%, now they expect the growth will fall by 2.5%.

It was done due lower oil prices, and additional fiscal tightening in order to contain government debt dynamics, Interfax reports.

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