Russia's GDP in 2020 could fall by 8%-10%

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Russia's GDP in 2020 could fall by 8%-10% - OECD

PARIS. June 10 (Interfax) - The Organization for Economic Cooperation and Development (OECD) has released two possible economic forecasts, prompted by the unusually high level of uncertainty in the world due to the Covid-19 infection.

The first version of the forecast envisages a situation where the virus will continue abating and will remain under control. In this scenario. The OECD is forecasting a reduction in Russia's real GDP in 2020 of 8% and growth of 6% in the following year.

The second version of the forecast envisages a second wave of the virus later in 2020. In this situation, Russian GDP is expected to decline by 10% in the current year and rise 4.9% in 2021, the OECD said in its report.