OREANDA-NEWS  Analysts at the International Monetary Fund have revised their forecast for Russia's economic growth to 3.2% by the end of 2024, up from the previous estimate of 2.6%. This information was reported in the IMF's April review of the global economy, titled "World Economic Outlook: Steady But Slow Growth Amid Divergence".

The increase in Russia's GDP forecast is 0.6 percentage points. According to updated expert assessments, the Russian economy is expected to grow by 1.8% in 2025, compared to the previous forecast of 1.1%. Thus, the IMF has revised its forecast for Russian GDP growth next year by 0.7 percentage points.

Overall, global GDP is expected to grow by 3.2% in 2024 according to the IMF (an increase of 0.1% compared to the January forecast). The IMF left the forecast for 2025 unchanged at 3.2%.Earlier, Petya Koeva-Brooks, deputy director of the IMF's Research Department, attributed the rapid growth of the Russian economy to several factors. She identified four key reasons for this dynamic, including the preservation of oil exports at a steady level, an increase in government spending, growth in private consumption on the domestic market, and an increase in corporate investment from state-owned companies.