US EditionRussia to grow faster than all advanced economies says IMF
- Russia's economy is projected by the IMF to grow faster than all advanced economies in the current year.
- The IMF forecasts Russia's economic growth will ease to 1.8% in 2025 due to diminishing effects of high investment and strong private consumption.
- The IMF adjusted its prediction for Russia's economic growth in 2024 upwards, crediting increased military spending with preventing a recession.
11 Articles
11 Articles
According to the International Monetary Fund, Russia's economy will grow by 3.2 percent this year, faster than all advanced economies, the IMF said in its World Economic Outlook report, surpassing growth rates forecast for the United States (2.7 percent), the United Kingdom (0.5 percent), Germany (0.2 percent) and France (0.7 percent), CNBC reported.
Russia will grow faster than the US and all other advanced economies this year, the IMF says
Russia's President Vladimir Putin.Artem Geodakyan/POOL/AFP via Getty Images Russia's economy is predicted to grow by 3.2% in 2024, outpacing all advanced economies, including the US, the IMF said. Despite the war, high investment and robust private consumption have driven Russia's economy forward. The IMF expects the momentum to fade in 2025, with Russia growing at a rate of 1.8%. Russia's economy is expected to grow significantly faster tha…
Russia 'to grow faster than all major Western economies'
The Russian economy will grow quicker than all of the world's advanced economies this year, according to the International Monetary Fund (IMF).In its latest global economic outlook, it forecasts Russia will record economic growth of 3.2 per cent this year, ahead of the United States, France, Germany and Britain.Despite being hit by severe economic sanctions over its 2022 invasion of Ukraine, steady oil exports and high government spending has b…
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