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IMF official: Russia caught up to developed economies in terms of per capita GDP growth

April 20, 4:50 UTC+3 WASHINGTON

Russia’s economy will grow by 1.7% in 2018, 1.5% in 2019, and by another 1.7% in 2023, the International Monetary Fund reported earlier

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WASHINGTON, April 20. /TASS/. Russia, together with South Africa, Brazil, Saudi Arabia and Mexico has caught up to developed economies in terms of projected per capita GDP growth, First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton said on Thursday.

According to Lipton, the IMF no longer considers five of nine G20 countries with emerging economies (Russia, South Africa, Brazil, Saudi Arabia and Mexico) to be among those lagging behind, since they have been given almost similar per capita GDP growth outlooks from the International Monetary Fund as developed economies.

Russia’s economy will grow by 1.7% in 2018, 1.5% in 2019, and by another 1.7% in 2023, the Fund reported earlier.

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