"Inflation [in Russia] continues to decline, driven by the ruble appreciation and still weak consumer demand, and is forecasted to reach the Central Bank’s 4 percent target this year and to remain close to it thereafter," the 2017 IMF Article IV mission to Russia said in a statement following its visit to Moscow.
Russia's GDP growth in 2017 is expected come to 1.4 percent as the Russian economy rebounds from a two-year recession aided by effective government policies and higher oil prices, the International Monetary Fund (IMF) said Friday.
"The economy is exiting a two-year recession that, thanks to the [Russian] authorities’ effective policy response and the existence of robust buffers, proved shallower than past downturns. Growth is expected to reach 1.4 percent this year, supported by easier financial conditions and higher oil prices," the 2017 IMF Article IV mission to Russia said in a statement following its visit to Moscow.
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