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Russia’s economy ‘in for very tough times’ despite improved growth outlook, IMF managing director says
The head of the International Monetary Fund warned the Russian economy is still facing significant headwinds despite receiving a recent growth upgrade by the Washington-based institution. Russia’s economy has proven to be surprisingly resilient amid waves of Western sanctions in the nearly two years since it launched its full-scale invasion of Ukraine. In late January, the International Monetary Fund more than doubled its forecast for the pace of the country’s economic growth this year, raising it from 1.1% in October to 2.6%. Despite this, IMF Managing Director Kristalina Georgieva sees more trouble ahead for ... (full story)
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- Posted: Feb 12, 2024 8:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,933
