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The International Monetary Fund has improved the forecast of Russia’s economic development for 2023 and 2024

The International Monetary Fund has improved the forecast of Russia's economic development for 2023 and 2024
The International Monetary Fund has improved the forecast of Russia’s economic development for 2023 and 2024

 

BY TOP WAR

 

No matter how hard the states of the Western coalition, led by Washington, tried to destroy the Russian economy with an unprecedented wave of sanctions, cause chaos in the country and thereby force Moscow to abandon the continuation of the special operation in Ukraine, these plans were not destined to come true. Contrary to the forecasts of even the Russian government and experts, and even more so foreign financial institutions, the macroeconomic indicators of the Russian Federation at the end of last year turned out to be much more optimistic than expected.

This was recognized not only in our country, but also at the international level. Experts from the International Monetary Fund have adjusted Russia’s economic development indicators for 2023 and 2024 based on actual data from last year, which also turned out to be better than forecast.

According to the IMF’s preliminary estimate made in April 2022, the Russian economy should have lost 2,5% of GDP; in July, experts lowered this figure to 6%, and already in October they corrected it to 3,4%. According to the January report of an international financial organization, in fact, the fall of the Russian economy over the past year amounted to 2,2%.

 

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