IMF increases economic growth projection for Russia in 2025
Russia's gross domestic product is expected to increase by 1.4% this year, even amid global economic uncertainty. Read Full Article at RT.com
TroibNews 
Gross domestic product is projected to grow 1.4% this year.
The International Monetary Fund (IMF) has once again raised its growth forecast for the Russian economy in 2025, despite ongoing global challenges.
In its most recent World Economic Outlook released on Friday, the Washington-based organization stated that it now anticipates the country's GDP will grow by 1.4% this year, which represents an upward adjustment of 0.1 percentage points from its report in October 2024. The projection for 2026 remains at 1.2%.
IMF economist Pierre-Olivier Gourinchas commented on the report, indicating that the revision is primarily due to the fact that “we received somewhat stronger data than expected.”
Last month, IMF Communications Director Julie Kozak had indicated that the fund would revise its forecast for Russian economic growth, attributing this to “strong private consumption and rapid growth in wages.”
She further mentioned that “strong corporate investment” is also contributing to the nation's economic growth.
The IMF has previously highlighted Russia’s varied energy exports and domestic fiscal strategies as key contributors to the stability of its economy.
The World Bank’s January edition of Global Economic Prospects projects that Russia’s GDP will rise by 1.6% in 2025 and 1.1% in 2026.
Meanwhile, Russia’s Ministry of Economic Development anticipates a growth rate of 2.5% this year, while the Bank of Russia forecasts an expansion between 0.5-1.5%.
Ramin Sohrabi for TROIB News
The International Monetary Fund (IMF) has once again raised its growth forecast for the Russian economy in 2025, despite ongoing global challenges.
In its most recent World Economic Outlook released on Friday, the Washington-based organization stated that it now anticipates the country's GDP will grow by 1.4% this year, which represents an upward adjustment of 0.1 percentage points from its report in October 2024. The projection for 2026 remains at 1.2%.
IMF economist Pierre-Olivier Gourinchas commented on the report, indicating that the revision is primarily due to the fact that “we received somewhat stronger data than expected.”
Last month, IMF Communications Director Julie Kozak had indicated that the fund would revise its forecast for Russian economic growth, attributing this to “strong private consumption and rapid growth in wages.”
She further mentioned that “strong corporate investment” is also contributing to the nation's economic growth.
The IMF has previously highlighted Russia’s varied energy exports and domestic fiscal strategies as key contributors to the stability of its economy.
The World Bank’s January edition of Global Economic Prospects projects that Russia’s GDP will rise by 1.6% in 2025 and 1.1% in 2026.
Meanwhile, Russia’s Ministry of Economic Development anticipates a growth rate of 2.5% this year, while the Bank of Russia forecasts an expansion between 0.5-1.5%.
Ramin Sohrabi for TROIB News
