IMF upgrades Russian economy forecast
The fund expects 0.3% growth in 2023, having previously predicted a contraction
The International Monetary Fund has revised upwards its estimate of Russian economic development, projecting GDP to grow by 0.3% this year, and 2.1% in 2024.
According to the fund's World Economic Outlook update published on Monday, Russia's GDP fell by 2.2% last year. In its October forecast, the IMF reported t