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Russia's economy contracted 4.2% in first half 2020: Ifax cites economy minister - Metro US

Russia’s economy contracted 4.2% in first half 2020: Ifax cites economy minister

People stand on Great Moskvoretsky Bridge in central Moscow

MOSCOW (Reuters) – Russia’s gross domestic product (GDP) declined 4.2% in the first half of 2020, Economy Minister Maxim Reshetnikov was quoted as saying by the Interfax news agency on Wednesday.

Reshetnikov said his ministry was maintaining its full-year forecast of a decline in GDP of 4.8% in 2020, but that it would revise this forecast in August.

(Reporting by Anton Kolodyazhnyy and Andrey Ostroukh; Writing by Alexander Marrow; Editing by Jon Boyle)

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