IMF report: lack of measures to balance budget may restrict growth of Russian economy

IMF report: lack of measures to balance budget may restrict growth of Russian economy

The lack of credible measures to balance the budget in the medium-term may restrict the growth of Russian economy, the IMF said in its final statement made after the completion of the 2016 mission, Tass reports.

"The absence of credible measures to balance the budget in the medium-term could foster uncertainty and further limit growth," according to the statement.

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