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IMF foresees Russian economy to grow 3.6% in 2010

Updated:2010-01-27 14:56:11

The domestic gross product of Russia this year is expected to grow by 3.6 percent, according to the latest forecast by the International Monetary Fund (IMF) on Tuesday.

IMF said in an update to its World Economic Outlook that Russia's economic recovery might be quicker than the previous anticipation, with an estimated growth rate of 3.4 percent in 2011.

The economic growth rate of Russia has been revised up by 2.1 percentage points compared with IMF's forecast in its last October report.

The quicker-than-expected growth is related to the accelerating recovery of Russia's domestic economic revival, and the improvement of world's general economic situation, said the report.

Global economy is estimated to grow by 3.9 percent this year, with the Chinese economy surging 10 percent, said the report.

Meanwhile, the latest global economy outlook by the World Bank predicted a 3.2-percent growth of Russian GDP in 2010, based upon the price of crude oil at 76 U.S. dollars per barrel.

 

 

Source:http://news.xinhuanet.com

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