Despite the change, the exit of Western firms could still harm the country’s economy in the long run, the body has warned The International Monetary Fund (IMF) has raised its growth forecast for the Russian economy in 2023 in its World Economic Outlook report released on Tuesday. Russia’s GDP is expected to grow 0.7% this year, an upwards revision from the 0.3% increase that the IMF predicted in its January report. According to IMF chief economist Pierre-Olivier Gourinchas, Russia was “able to maintain quite a bit of momentum in the economy by taking, for instance, very strong fiscal measures.” Despite the upward
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