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Is Russia’s Economy Growing or Shrinking? It Depends on the Forecaster.
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Russia’s economy is slated to grow 1% this year, according to JPMorgan Chase & Co. Or shrink 2.5%, if you ask the Organization for Economic Cooperation and Development. Those two figures bookend forecasts from a handful of companies and organizations, illustrating the challenge economists face in surveying Russia’s economic conditions.
When the Kremlin stopped sharing some key economic data—including figures on banks, oil and debt—in the first few months after Russia’s invasion of Ukraine in February 2022, economists were left to reverse-engineer unconventional data sources to draft their assumptions.
Read more on wsj.comAbout this in other media
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