IMF: Russia’s economic growth rate this year may reach 2.6%

According to the latest report from the International Monetary Fund (IMF), Russia's economic growth may reach 2.6% this year. This forecast shows that although as early as October 2022, the IMF report had stated that Russia's economic contraction was not as severe as expected, Russia's economy is still growing steadily.

The report pointed out that Russia's large-scale defense spending has played a positive role in economic development. These expenditures not only help improve national defense capabilities, but also stimulate domestic demand and promote the development of related industries, thus driving the growth of the entire economy.

In addition, government-subsidized mortgage loans have also alleviated the pressure of home buying to a certain extent and promoted the stable development of the real estate market. These measures will not only help improve people's living standards, but also promote consumption and further stimulate economic growth.

The IMF report also pointed out that the Russian government is actively promoting economic structural adjustment and reform, strengthening opening up to the outside world, and attracting more foreign investment into the domestic market. This will help enhance Russia's international competitiveness and promote a higher level of economic growth.

Overall, the IMF's forecast for the Russian economy shows that Russia is actively responding to various challenges and has achieved steady economic growth through effective policy measures and reform measures, laying a good foundation for future development.