Mixed Outlook for Russia

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In the last years, Russia´s economy expanded substantially. The real income grew significantly and the number of people at risk of poverty was down to 16 million. This year, the World Bank forecasts a growth rate of 3.3%. Moreover, Russia´s public debt remains at a low level. At the moment, the debt-to-GDP quota comes at 10%.

However, in January, the industrial sector began to…