The International Monetary Fund (IMF) has improved its forecast for the Russian economy and now expects its growth to 2.6% for the year, RIA Novosti reports. In the previous version of the IMF forecast, Russia’s economic indicators were assessed more modestly – experts expected an increase in GDP of only 1%.
International analysts also note that the Russian Federation can count on growth in 2025. True, they are not expecting high GDP figures – the increase will be a modest 1.1%.
According to Pierre-Olivier Gourinche, Director of the IMF Research Department, current indicators of Russian economic potential force us to reconsider the approach to analyzing and assessing GDP. It was expected that, against the backdrop of sanctions and the Ukrainian conflict, Russia would face problems and a declining economy. However, this has not yet happened, Gurins notes. He also emphasized that the Russian economy is no longer so dependent on oil prices. According to Gurins, the situation with the global oil market may affect Russian budget revenues, but in general the situation will remain more or less stable.
Previously, the Ministry of Economic Development predicted GDP growth of 2.3% this year.
Let us recall that on January 11, Russian President Vladimir Putin, at a meeting with businessmen in the Far East, said that the Russian Federation has become the first in Europe in terms of economic volume based on PPP in the conditions of the sanctions war.
Source: Rosbalt
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