IMF skeptical of Russian economic prospects

IMF skeptical of Russian economic prospects

 

The IMF has adjusted its forecasts for the economic downfall in Russia from 3% predicted in January to 3.8%. According to the financial institution, the Russian economy grew only 0.6% in 2014, Interfax reports.Experts expect a GDP drop by 1.1% in Russia in 2016, compared to 1% initially voiced in January.The IMF has not changed its basic evaluations for the world economy, economies of emerging markets and advanced states.

 

The IMF has adjusted its forecasts for the economic downfall in Russia from 3% predicted in January to 3.8%. According to the financial institution, the Russian economy grew only 0.6% in 2014, Interfax reports.

Experts expect a GDP drop by 1.1% in Russia in 2016, compared to 1% initially voiced in January.

The IMF has not changed its basic evaluations for the world economy, economies of emerging markets and advanced states.

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