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IMF expects Russian economy to shrink by 8.5% in 2022

RIYADH: The International Monetary Fund expects the Russian economy to shrink by 8.5 percent in 2022 due to sanctions from Western countries. Western sanctions on Russian exports have affected consumer confidence and the country's economic activities, Malhar Nabar, head of the World Economic Studies division in the IMF's Research Department, told CNBC Arabia. The IMF earlier ....

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IMF cuts Philippine economic growth forecast for 2021, 2022

The International Monetary Fund (IMF) has slashed its Philippine economic growth forecast for this year and the next, citing the recent surge in COVID-19 cases which prompted the imposition of stricter lockdowns. ....

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