Thursday, May 30, 2024

The IMF believes in higher economic growth in Russia

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President Vladimir Putin can enjoy the new forecasts from the International Monetary Fund (IMF). Photo: Sputnik / Pool / AP / NTB

Of NTB | 16.04.2024 16:04:05

The estimate is presented in a new report presented on Tuesday. In a corresponding report in January, the IMF predicted that Russian growth would be 2.6 percent.

Western countries have imposed extensive economic sanctions on Russia to punish it for its invasion of Ukraine. But so far the Russian economy has fared relatively well.

One of the reasons is that China and India still buy large quantities of Russian oil. In addition, there is great activity in the Russian defense industry.

The IMF believes that economic growth in Ukraine will slow this year to 3.2 percent. In 2025, the IMF estimates stronger Ukrainian growth of 6.5 percent.

(© NTB)

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