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Russia growth forecast lowered to 1 percent, Branko Milanovic notes

Russia growth forecast lowered to 1 percent, Branko Milanovic notes
Russia GDP forecast cut to 1 percent

Branko Milanovic reports that Russia's official GDP growth forecast for this year is 1 percent.

According to Milanovic, growth during the first six months measured 0.6 percent, while under Brezhnev's era of so-called stagnation, growth was 3 percent.

Milanovic has previously examined macroeconomic trends in other countries. He questioned whether China’s low consumption levels are linked to higher savings among the urban elite. In another analysis, he observed calls by Western financial media for China to raise wages and expand social welfare programs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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