MOSCOW, September 22. /TASS/. Moody's rating agency projects Russia's GDP will decline by 4% in 2015 and by 1% in 2016, vice president and senior analyst Alexander Proklov said at Retail risk management-2015 forum on Tuesday.
"This time around recession will last longer than it was in 2008-2009. Oil prices will still be volatile though at comparatively low levels," Proklov said.
Russia’s Central Bank is unlikely to aggressively reduce its key interest rate due to high inflation, the expert added.
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