Russia’s economic forecast substantially improved ...News

The economy will grow by 0.3% in 2023, according to the IMF, which previously predicted a contraction The International Monetary Fund has revised upwards its estimate of Russian economic development, projecting GDP to grow by 0.3% this year, and 2.1% in 2024. According to the fund’s World Economic Outlook update published on Monday, Russia’s GDP fell by 2.2% last year. In its October forecast, the IMF reported that the decline was expected to be 3.4%. For this year, the fund previously predicted a drop of 2.3%, and for 2024, a 2.1% decline. The IMF’s estimates are beginning to converge with Russian forecasts, the

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