The International Monetary Fund (IMF) raised Russia’s 2023 GDP growth forecast to 0.7%, worsening its growth prospects for 2024 to 1.3%. This is due to the organization’s report posted on its website. Web site.
According to the values given in the document, the Russian GDP growth forecast was revised by 0.4 points, while it was lowered by 0.8 points compared to the January 2024 forecast.
Previously the World Bank developed Forecast for Russia’s 2023 GDP dynamics from -3.3% to -0.2%. It was noted that the change in the forecast was due to the fact that the 2022 indicators exceeded the previous forecasts and the decrease in the oil and petroleum products production in the country was less than expected. The previous forecast was made in January 2023. In October 2022, the forecast assumed a 3.6% decline in Russia’s GDP in 2023.