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Russian Central Bank still planning to upgrade forecast for Russia's GDP in 2022

The Central Bank of Russia is still planning to upgrade its forecast for Russia's GDP in 2022, which in July was projected to contract 4%-6%. "We're going to refine the forecast at the board of directors' key rate meeting at the end of October. Most likely, the forecast for GDP in 2022 will be upgraded somewhat at it," Central Bank Deputy Governor Alexei Zabotkin said during hearings on the draft budget held at the Federation Council. [...]