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IMF maintains Russian GDP growth outlook for 2019 at 1.2%

Last month the IMF downgraded its outlook on Russia’s economic growth from 1.4% to 1.2%

MOSCOW, August 2. /TASS/. The International Monetary Fund (IMF) has left its Russian GDP growth outlook for 2019 unchanged at 1.2%, the Fund said in a report on Friday.

Last month the IMF downgraded its outlook on Russia’s economic growth from 1.4% to 1.2% over poor Q1 results due to the oil price decline and the impact of the VAT rate hike to 20%.