Ukrainian conflict affects Russian economy, but not as much as expected – Kommersant
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Julie Kozak, director of communications at the International Monetary Fund (IMF), said the conflict in Ukraine has less of an impact on the Russian economy than originally thought.
“In general, the impact of the war on the Russian economy remains significant, but at the same time softer than originally expected,” Ms. Kozak said. “RIA News”. She added that updates to the IMF forecast for the growth of the Russian economy will be published during July.
April report The IMF, dedicated to the economic situation in Europe, said that after a sharp fall in the second quarter of 2022, the Russian economy managed to recover in the third and fourth quarters. In 2023, the IMF expects Russia’s GDP to grow by 0.7%.
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