Russian economy ministry improves 2023 GDP growth forecast

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 14 (Reuters) - Russia's economy ministry revised higher its 2023 gross domestic product (GDP) forecast on Friday to growth of 1.2% from a contraction of 0.8%, news agencies reported.


The International Monetary Fund this week also raised its forecast for Russia's 2023 economic growth, but said the country may see a sharply wider budget deficit and a smaller current account surplus this year. It also said Russia's global isolation and lower energy revenues could dampen its economic growth potential for years to come
(Reporting by Reuters; Writing by Alexander Marrow Editing by Gareth Jones)

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