Russian economic growth to substantially exceed pre-crisis rates, says IMF envoy
Russiaâs economic contraction amounted to 3.1% last year, whereas at the very beginning of the coronavirus pandemic the Fundâs experts projected a 5.5% growth contraction for the country
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WASHINGTON, April 7. /TASS/. The Russian economic growth will substantially exceed its pre-crisis growth rates this and next year, according to projections by the International Monetary Fund (IMF), Executive Director for Russia in the IMF, Dean of its Executive Board Aleksei Mozhin said in an interview with TASS.
Russia’s economic contraction amounted to 3.1% last year, whereas at the very beginning of the coronavirus pandemic the Fund’s experts projected a 5.5% growth contraction for the country. The outlook on Russia’s economic growth was repeatedly upgraded during the year.