IMF Revises Russia’s 2022 GDP Growth to 2.8 Percent – WEO

The International Monetary Fund (IMF) downgraded its forecast for Russia’s 2022 GDP growth from October’s estimate of 2.9% to 2.8%, according to the latest World Economic Outlook.

The 2023 forecast was revised upward from 2% to 2.1%.

Russia’s GDP saw a 4.5% growth in 2021, according to the IMF estimate.