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In blow to Putin, Russia Slashes Long-term Growth Forecast

Russia acknowledged for the first time on Thursday that its economy would lag global growth over the next two decades, setting the stage for an era of stagnation that could threaten President Vladimir Putin's grip on power. Economy Minister Alexei Ulyukayev forecast that Russia's economy would grow at an average rate of 2.5 percent during that period - down from an earlier 4 percent and half the rate Putin targeted before his return to the Kremlin last year. The...

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