IMF: Russia’s Expected GDP Growth Is 1.4%

UrBC, Moscow, May 27, 2019. The International Monetary Fund (IMF) expects Russia’s gross domestic product to increase by 1.4% in 2019, TASS refers to the IMF as stating.

The country’s GDP growth has remained at around 1.4% for the last three years, so a similar dynamics is expected to keep up throughout the year 2019, the IMF says.

It is also reported that the state investments in national-scale projects and the changes in the pension/retirement regulations are expected to bring Russia’s potential GDP growth by 0.1% to 0.5%.

Any GDP-supporting factors from outside will probably be highly limited, as instead of the favorable international situation resulting in quick growth in the early aughts the country now faces sanctions, uncertainty on the global political and trade arena, and lower oil prices, the IMF explains.


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