The economy is forecast to expand 1.1% this year on higher energy prices due to Middle East disruptions
The International Monetary Fund (IMF) has raised its growth outlook for Russia, citing higher commodity prices, while warning that the Middle East war is weighing on the global economy.
In its latest World Economic Outlook released on Tuesday, the IMF said Russia’s GDP is now expected to expand by 1.1% in 2026, marking an upward revision of 0.3 percentage points compared to its January estimate. The adjustment was driven by “higher commodity prices,” the report said, adding “the momentum” is expected to continue into 2027. Inflation is…
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