War Effect: Russian Inflation To Reach 20%, GDP To Fall 8%, According To Its Central Bank

In the wake of the war in Ukraine, Russia's inflation would accelerate to 20% and its GDP could sink to 8% in 2022, an independent survey of analysts commissioned by the central bank of the country presided by Vladimir Putin showed Thursday. "The measures taken by the Bank of Russia and the government are aimed at limiting the scale of the economic slowdown and…