Improved forecast echoes IMF prediction that Russia will overtake Germany and UK in 2023The Russian economy should pick up again in the middle of the year, the Central Bank announced on Friday, revising its latest forecasts upwards. The outlook is much better than many had anticipated. Speaking to reporters, Russian Central Bank Governor Elvira Nabiullina said the better-than-expected GDP forecast is due to the upward revision of previous estimates and “Bigger budget outlays than reflected in our October forecast.”Signs of economic recovery in Russia emerged late last year, with GDP showing positive momentum in the third and fourth quarters, the...