MOSCOW, July 16 (RIA Novosti)
- IMF Upgrades Russia's 2012 GDP Growth to 4%
- IMF cuts Russia's 2011 GDP forecast to 4.1 pct from 4.3 pct
- Russia's Q1 GDP Growth at 4.9% - Rosstat
- Putin Calls for 27% GDP Investment by 2018
- Russia’s GDP Grows 4% in Q1
- Russia's Q1 GDP Growth at 4% - Minister
The IMF has cut its forecast for Russia’s2013 GDP growth outlook from 4 percent to 3.9 percent, but left unchanged its 2012 economic growth at 4 percent, according to the World Economic Outlook published on the IMF’s website on Monday.
The IMF also downgraded its forecast on Russia’s budget to a surplus of 0.1 percent of GDP in 2012 from its original forecast of 0.6 percent of GDP, and to a deficit of 0.7 percent of GDP from 0.3 percent of GDP in 2013.
The IMF expects Russia’s state debt to stand at 11.5 percent of GDP in 2012, compared with 8.4 percent of GDP projected in April, and at 11.3 percent of GDP in 2013 compared with the previous forecast of 7.9 percent.
Russia's debt situation looks favorable compared to the other BRIC countries, where the state debt is expected at 22 percent of GDP in China, 68 percent of GDP in India and 64.2 percent of GDP in Brazil.
The IMF’s forecast is above the projections of the Russian Economic Development Ministry, which in April cut its forecast for Russia’s economic growth in 2012 from 3.7 percent to 3.4 percent.
In June, the Economic Development Ministry said it could revise upward by fall its GDP growth forecast to 3.7-4 percent from 3.4 percent.
Add to blog
You may place this material on your blog by copying the link.
- SirkoTools of American Zionist Imperialism23:12, 16/07/2012The IMF lies. It like all the capitalist rating agencies are tools of the Zionist Banksters in Wall Street. Excuse me but who destroyed the world economies with their theft in 2008 the Russian people, the British people, the American people or the Zionist Shmucks in Wall Street...
Image Galleries: Liliger Cub at the Novosibirsk Zoo and Other Animal News
Infographics: Global Warming: Predicting Future Disasters
Cartoons: Polar Explorer Day
The growing outright rivalry between the United States and China gives Russia more foreign policy weight, enabling it to assume the role of a balancer. So far it has been doing so rather skillfully. Today it may participate in a joint naval exercise with China that Beijing positions as outwardly anti-American. But tomorrow it can team up with the naval forces of the Old World.