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IMF cuts economic growth forecast for Russia from 3 % to 2 % of GDP

Under normal circumstances there are no scenarios in which the Russian economy could start to contract - IMF representative

WASHINGTON, January 20. /ITAR-TASS/. The International Monetary Fund (IMF) has reviewed its forecast of Russian economic growth in 2014 downwards from 3 % to 2 % of GDP, while 2.5 percent is expected in 2015. These are estimates of the IMF’s new revised forecast, sources familiar with the issue told Itar-Tass. The official document will be released on Tuesday.

Estimated economic growth in 2013 remained unchanged against the autumn report, at 1.5 % of GDP. The revision gives no inflation estimates as they are traditionally included in major analytical reviews released twice a year, in spring and autumn.

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