Russia rules out recession despite economic slowdown By Reuters

© Reuters. Russian Deputy Finance Minister Kolychev attends the Reuters Russia Investment Summit in Moscow

© Reuters. Russian Deputy Finance Minister Kolychev attends the Reuters Russia Investment Summit in Moscow

MOSCOW (Reuters) – Russian Deputy Finance Minister Vladimir Kolychev said on Thursday that there was no question of the economy going into recession despite a slowdown in economic growth.
The central bank last week lowered its 2019 economic growth projection to 0.8%-1.3% from an earlier forecast of 1.0%-1.5%.

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