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IMF upgrades Russia’s GDP growth outlook for 2017-2018

October 10, 16:57 UTC+3 WASHINGTON

Russia’s GDP decline currently amounts to 0.2%

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WASHINGTON, October 10. /TASS/. The International Monetary Fund has upgraded its GDP growth outlook for the Russian Federation to 1.8% from 1.4% for 2017 and to 1.6% from 1.4% for 2018 in its new analytic report released on Tuesday.

Russia’s GDP decline currently amounts to 0.2%, down from 0.6% as stated in the previous IMF report released in March.

Inflation is expected at 4.2% in 2017, and 3.9% in 2018, according to the revised outlook.

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