WASHINGTON, April 16 The International Monetary Fund (IMF) has improved its forecast for Russian economic growth for 2024 and 2025, according to the organization’s report.< br />This year, the IMF expects Russia's GDP to grow by 3.2 percent, which is 0.6 percent higher than the January forecast of 2.6 percent.
In addition, the organization improved its forecast for Russian economic growth for 2025, expecting the figure to be 1.8 percent. This is 0.7 percent more than the January forecast of 1.1 percent.
Fund experts expect inflation in Russia at the end of 2024 at 6.9 percent, and in 2025 — 4.5 percent.
According to the forecast of the Ministry of Economic Development, inflation this year will be 4.5 percent.
< /span>
Chief Economist and Director of the IMF Research Department Pierre-Olivier Gurincha admitted that the Russian economy, along with the Brazilian and Indian ones, is showing “pretty good” indicators.
As noted by the Deputy Director of the Fund’s Research Department, Petya Koeva-Brooks, Russia’s economic growth is facilitated by a high level of private consumption and government spending.
In 2023, Russian GDP growth, according to IMF estimates, amounted to 3.6 percent, inflation — 5.9 percent.