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Finance Ministry Denies Releasing -12% FY22 GDP Contraction Forecast

RUSSIA
  • RUSSIAN FINANCE MINISTRY SAYS IT DOESN'T MAKE GDP FORECASTS
  • RUSSIAN FINANCE MINISTRY SAYS DIDN'T FORECAST 12% GDP DECLINE
  • This is in reference to the forecast released yesterday (allegedly by the finance ministry) warning of a 12% FY22 contraction if the EU energy embargo goes through
  • The forecast was at odds with the CBR's estimated 8-10% FY22 contraction
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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