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IMF expects fall of Russian GDP in 2015 at 3.8% compared to earlier forecast of 3%

April 14, 2015, 16:21 UTC+3
In 2016 the economic downturn in Russia will be 1.1%
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© Vladimir Smirnov/TASS

WASHINGTON DC, April 14./TASS/ The International Monetary Fund (IMF) expects the fall of Russia's GDP in 2015 to 3.8%, the fund said in a new analytical forecast report on Tuesday.

Earlier, the IMF predicted that Russia's GDP this year will fall by 3%.

According to the new forecast of the fund, in 2016 the economic downturn in Russia will be 1.1%, while earlier the forecast was at 1%.

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