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GDP growth in Russia forecasted in 2016 — IMF Russian mission head

May 21, 2015, 19:10 UTC+3 MOSCOW
"Our growth forecast for 2016 is 0.2%," the IMF Russian mission head said, adding that in the mid-term Russia will reach annual growth of 1.5%
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© TASS/Sergey Konkov

MOSCOW, May 21. /TASS/. GDP growth in Russia is forecasted at 0.2% in 2016, the IMF Russian mission head Ernesto Ramirez Rigo said at a conference on the Fund's work in Russia.

"Our growth forecast for 2016 is 0.2%," he said, adding that in the mid-term Russia will reach annual growth of 1.5%.

Russia has enough underlying strength given its huge foreign exchange reserves and low level of sovereign debt, Rigo said. He also notes the satisfactory situation with Russia’s budget.

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