Russia Expected to Grow 2%
Russia Expected to Grow 2%

Russia Expected to Grow 2%

Russia Expected to Grow 2%

An International Monetary Fund mission said that Russia’s economic growth is anticipated to reach a 2% mark this year, Vestnik reported. “A cyclical recovery in Russia is gaining pace after a two-year recession, with growth expected to reach around 2% this year, supported by higher oil prices and easier domestic financial conditions,” the statement said. The IMF estimated the inflation rate would be below 3% at the end of 2017, but it will rise to the 4% target soon. According to the statement, the forecast will improve because of increasing oil prices and growing global demand. In addition, the IMF noted that Russia’s Central Bank reached its inflation goal earlier than it had been anticipated, Sputnik reported. The IMF recommended that Russia should implement a new strategy that deals with market confidence in order to improve the current review. In early November, the IMF suggested the Russian economy would grow sequentially in 2017 to roughly 1.8%, while in 2018 the average growth would also increase sequentially and stabilize around the long-term trend of 1.6%.


Short URL : https://goo.gl/4C4qvs
  1. https://goo.gl/xGqCfp
  • https://goo.gl/X5zk3p
  • https://goo.gl/9SKTHJ
  • https://goo.gl/M3u5r8
  • https://goo.gl/oRJyrV

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...
US Tariffs to Cost Germans $23b
US President Donald Trump’s tariffs will lead to a drop in...

Add new comment

Read our comment policy before posting your viewpoints