Increasingly tough situation for the Russian economy as growth forecast downgraded to 0.4 percent

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Increasingly tough situation for the Russian economy as growth forecast downgraded to 0.4 percent
Photo: Pavel Bednyakov/AP/TT

Russia's economy is expected to grow by just 0.4 percent this year, a sharp downgrade from an earlier forecast of 1.4 percent, Deputy Prime Minister Alexander Novak said in an interview with the newspaper Vedomosti.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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