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Sberbank has revised down its forecast for Russia’s economic growth, projecting gross domestic product expansion of just 0.5% to 1%, compared with its earlier estimate of 1% to 1.5%. The downgrade follows a weak performance in the first quarter of the year, signaling mounting pressure on the country’s economy. The state-controlled lender updated its outlook ahead of the release of preliminary first-quarter GDP figures from the Economy Ministry, expected on Wednesday, as