IMF: Russia's Economic Recovery from the Crisis

This year, Russia's economy will come out of a two-year crisis thanks to the measures taken by the authorities and will move to growth, experts of the International Monetary Fund (IMF) say. At the same time, they believe that growth might "reduce to approximately 1.5 percent."

The reason for this inactive growth of the economy is in the structural limitations of the Russian economy, the IMF believes. For example, in demographic and technological fields.

Experts of the international organization believe that Russia needs to use the current favorable situation that has developed in the oil market and also move in four directions: adopt a budget rule that will mitigate the impact of fluctuations in oil prices; achieve the inflation target at four percent; reform the financial sector; and not focus on the raw materials industries.

Dimitri Dolaberidze

22 May 2017 17:41