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1 year ago

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Russia set for smaller GDP contraction in 2023, but no room for rate cut

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Russia set for smaller GDP contraction in 2023, but no room for rate cut

Russia's economy is set for a shallower contraction this year than previously thought, a Reuters poll showed on Friday, but above-target inflation will prevent the central bank from trimming its key rate, squeezing growth prospects.

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Russia set for smaller GDP contraction in 2023, but no room for rate cut

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Russia set for smaller GDP contraction in 2023, but no room for rate cut

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