Date: 4 months ago   Category: Economy

The IMF has raised the forecast for GDP growth of Russia in 2019 — Rambler News Service


Photo: Alexey of Sukhorukov/RIA Novosti the International Monetary Fund (IMF) has improved the forecast for GDP growth of Russia in 2019 on 0,3 items in comparison with a July indicator — to 1,8%, it is told in the October report of "The prospect of development of world economy" (World Economic Outlook). At the same time the IMF has kept the forecast for GDP growth of Russia in 2018 at the level of 1,7%. "It is expected that inflation in Russia will average 2,8% in 2018, below a target indicator in 4% that is caused by moderately rigid monetary policy. However in 2019 growth up to 5,1% what will be promoted the continuing restoration of domestic demand, higher prices of fuel and transition from recent depreciation is predicted" — it is said in the report. Earlier the Ministry of Economic Development of the Russian Federation has prepared the forecast of social and economic development of the country until 2024. Department has presented the conservative scenario according to which growth rates of GDP of Russia in 2019 will be slowed down up to 1% with the subsequent restoration by 2024 up to 3% in the forecast. The Ministry of Economic Development of the Russian Federation expects that GDP growth in 2018 will make 1,8%. In the basic forecast the growth rate of GDP following the results of 2019 will be 1,3%.

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