Fitch worsened the forecast for Russia's GDP before falling by 5.8% in 2020
Fitch International Rating Agency expects a drop in the Russian economy by 5.8% in 2020. This was reported in the organization’s report. At the same time, in 2021, experts now predict GDP growth by 3.6%. In May, the estimate was 3%. According to Fitch, the Russian economy in the second quarter of the current year is waiting for a drop by 9.2%compared to the previous quarter, in the third quarter - a decrease of 0.1%, in the fourth quarter - an increase of 2%.