February 26, 2021

IMF improves forecast for Russia’s economic growth this year

In 2022, the IMF expects Russia’s gross domestic product (GDP) to grow by 3.9 percent. That is also an upward revision of the previous expectation of a 2.3 percent growth. According to the fund, the Russian economy contracted 3.6 percent last year. 

The IMF has projected the global economy will grow 5.5 percent in 2021 and 4.2 percent in 2022 “amid exceptional uncertainty.”

Also on rt.com Russian economy doing better than most countries amid pandemic – Putin

Global economic activity still remains well below pre-pandemic levels, it said, pointing out that “Even with the anticipated recovery in 2021-22, output gaps are not expected to close until after 2022.”

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Article source: https://www.rt.com/business/513664-russia-gdp-growth-imf/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

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