IMF raises Russian GDP outlook again ...News

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IMF raises Russian GDP outlook again
Growth has been underpinned by strong trade and industrial production, a report has found 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 1.5% this year, an upwards revision from the 0.7% increase that the IMF predicted in its April report. IMF chief economist Pierre-Olivier Gourinchas acknowledged that Russia was able to maintain “quite a bit of momentum in the economy” by taking very strong fiscal measures. The current revision reflects a strong first half of the year in

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