IMF increase Russian economic development anticipation for 2025

2025-02-05 07:09:00

(MENAFN) The International Monetary Fund (IMF) has raised its growth forecast for the Russian Economy in 2025, now predicting a 1.4% increase in GDP, a 0.1 percentage point revision from its October 2024 estimate. The outlook for 2026 remains unchanged at 1.2%.

IMF economist Pierre-Olivier Gourinchas attributed the positive adjustment to stronger-than-expected data. In December, IMF Communications Director Julie Kozak indicated that private consumption, rapid wage growth, and strong corporate investment were contributing to Russia's economic resilience.

The IMF also highlighted Russia's diversified energy exports and domestic fiscal policies as factors bolstering economic performance. Meanwhile, the World Bank forecasts a 1.6% growth for Russia in 2025, while Russia's Ministry of Economic Development predicts a 2.5% increase this year.

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