IMF improves outlook for Russia's economic growth

IMF improves outlook for Russia's economic growth

The International Monetary Fund revised upward its outlook for Russia. The IMF now expects the Russian economy will grow by 1.4% in each of 2017 and 2018, informed sources in the Fund said.

Such figures are in the new forecasting and analytical report of the IMF on the status and near prospects of the global economy to be released in Washington next Tuesday, TASS reported.

The IMF earlier predicted Russia's economy will grow by 1.1% in 2017 and by 1.2% in 2018.

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