IMF upgrades Russia to world’s fourth-largest economy ...News

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IMF upgrades Russia to world’s fourth-largest economy
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The country is outperforming Japan in terms of purchasing power parity, according to the Washington-based organization The International Monetary Fund (IMF) has ranked Russia as the world’s fourth-largest economy based on purchasing power parity (PPP).       PPP compares economic productivity and standards of living between countries by adjusting for differences in the cost of goods and services.   In its World Economic Outlook published on Tuesday, the IMF said Russia’s gross domestic product (GDP) in 2024 amounts to 3.55% of global GDP in terms of PPP, outperforming Japan, which has 3.38%.    According to the re

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