ZCZC
BCN-23
DAVOS-RUSSIA-GDP-IMF
IMF attributes revision of Russian GDP growth outlook to tighter financial
conditions
DAVOS, January 24, 2019 (BSS/TASS) – The International Monetary Fund (IMF)
revised downward its forecasts on growth of the Russian economy in 2019-2020
because of lower oil prices and worsening of financial conditions, IMF
Economic Counsellor Gita Gopinath told TASS on the sidelines of the World
Economic Forum on Wednesday.
IMF lowered its forecast for Russia’s GDP growth to 1.6% in 2019 and 1.7% in
2020.
“The revision is because of the lower price of oil and tighter financial
conditions,” the counsellor said.
IMF also lowered its expectations in respect of the global economic growth
to 3.5% in 2019 and 3.6% in 2020.
BSS/TASS/HR/1200