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Russian economy’s trend is proper but results are not outstanding — IMF Managing Director

April 14, 2016, 20:27 UTC+3 WASHINGTON

IMF forecasts Russia’s GDP will decline 1.8% in 2016

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© AP Photo/Pavel Golovkin, Archive

WASHINGTON, April 14. /TASS/. The Russian economy is generally moving in a proper direction but results are not outstanding so far, IMF Managing Director Christine Lagarde said on Thursday.

Russian President Vladimir Putin said earlier in Moscow the situation in the Russian economy has not yet improved but a positive trend surfaces.

"Clearly the trend is directionally up, but it doesn't mean that the results are outstanding," Lagarde said.

"There is improvement, it is true," Lagarde said. "For a country that's vastly dependent on the extraction of natural resources, it means there has been a lot of burden shouldered by the Russian population in order for those results to be directionally correct," she added.

Lagarde calls to "read very carefully the new World Economic outlook" of the IMF. IMF forecasts in the paper Russia’s GDP will decline 1.8% in 2016.

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