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Russian economic growth seen at 4.2% in 2021, stoking inflation -Ifax

MOSCOW, Sept 21 (Reuters) - Russian economic growth is now seen at 4.2% this year, up from a previously expected 3.8%, fuelling inflation which is now seen at 5.8% by year-end, Interfax news agency quoted an economy ministry official as saying on Tuesday.

Inflation was previously forecast at 5% for this year, above the central bank’s target of 4%, as the Russian economy is recovering faster than expected after its sharpest decline in more than a decade in 2020 during the coronavirus pandemic. (Reporting by Maria Kiselyova and Darya Korsunskaya Writing by Katya Golubkova Editing by Catherine Evans)

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