The country’s economy is projected to grow 2.2% this year The International Monetary Fund (IMF) has again raised its growth forecast for the Russian economy in 2023, issuing revised figures in its World Economic Outlook report released on Tuesday. The IMF now expects Russia’s GDP to grow 2.2% this year, a sharp increase from its April prediction of 0.7% and July projection of 1.5%. “The rise in growth reflects a substantial fiscal stimulus, strong investment, and resilient consumption in the context of a tight labor market,” the IMF said. The Russian Economy Ministry expects GDP to expand 2.8% this year. That fo
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