IMF lowers forecast for Russian GDP growth in 2022

IMF lowers forecast for Russian GDP growth in 2022

The International Monetary Fund (IMF) revised upward the outlook for Russia’s GDP growth in 2023 from 2% to 2.1%, IMF said in its report released on Tuesday.

At the same time, IMF lowered the forecast for Russian GDP growth in this year from 2.9% to 2.8%.

The Russian economy showed growth by 4.5% last year, which is lower than October forecasts, the report says. IMF improved the figure last fall from 4.4% expected in July 2021 to 4.7% for 2021.

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