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First Deputy PM Says Domestic Demand Showing Signs Of Recovery

RUSSIA

Comments from Russian First Deputy Prime Minister Belousov:

  • Russia's domestic demand shows signs of recovery
  • Russian govt sees 2022 inflation at 12%-13%
  • Govt. sees 2% investments decline in 2022
  • Current imports at 65%-70% of last year's level
  • Russia 2022 GDP contraction will be less than 3%
  • Russian 2023 GDP is seen shrinking by less than 1% (BBG)

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