International rating agency Fitch has kept Russia’s rating at «BBB-» – Ekho Moskvy radio station

outlook – negative. According to analysts, Russia partially restore lost competitiveness, but the growth prospects of the economy are the weakest among the major emerging markets. Rating, as noted in the agency, reflects the trade surplus and lower the need for external borrowing, as well as strong growth volatility and geopolitical tensions. According to forecasts Fitch, Russia’s GDP this year will fall by 3.5 percent. In the following, the Russian economy will grow by 1-2 per cent.