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Russian Economy Sees Positive Development, No Outstanding Results Yet

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International Monetary Fund (IMF) Managing Director Christine Lagarde said that there is an improvement in Russian economy. 14.04.2016, Sputnik International

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Russian Economy Sees Positive Development, No Outstanding Results Yet

14:49 GMT 14.04.2016 (Updated: 13:50 GMT 06.08.2022)

© REUTERS / Jonathan ErnstInternational Monetary Fund (IMF) Managing Director Christine Lagarde participates in a working session on the global economy with fellow world leaders at the start of the G20 summit at the Regnum Carya Resort in Antalya, Turkey, November 15, 2015

International Monetary Fund (IMF) Managing Director Christine Lagarde participates in a working session on the global economy with fellow world leaders at the start of the G20 summit at the Regnum Carya Resort in Antalya, Turkey, November 15, 2015 - Sputnik International

International Monetary Fund (IMF) Managing Director Christine Lagarde said that there is an improvement in Russian economy.

WASHINGTON (Sputnik) — The Russian economy has started to recover, but has not shown outstanding results yet, International Monetary Fund (IMF) Managing Director Christine Lagarde said in a press conference on Thursday.

"As far as Russia is concerned…while clearly the trend is directionally up, it does not mean to say that the results are outstanding, but there is improvement, it is true," Lagarde stated.

Russia

Russian Gov't Expects GDP to Shrink by 0.3% in 2016, Grow by 1.4% in 2017

14 April 2016, 09:26 GMT

Earlier on Thursday, Russian President Vladimir Putin said the Russian economy has dipped this year but all indicators suggest its rebound in 2017.

Gross domestic product is expected to shrink by 0.3 percent in Russia in 2016, but Putin said the government expects 2017 growth to reach 1.4 percent.