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Central Bank: Economic revival in Russia will affect regional countries positively

The economic forecasts in the CIS countries improved, APA-Economics reports citing to Monetary Policy Review of the Central Bank of Azerbaijan (CBA).

According to CBA, the growth on these countries is forecasted to be 1.7% in 2017.

 

“Russian economy, which has been facing recession for two years, is expected to grow 1.4% in 2017.Improving financial condition, revival of total demand and stable oil and gas prices are reasons for economic revival. The economic revival in Russia is supposed to affect other countries positively through investments, trade channels and money”.

 

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