The head of the IMF spoke of “compression” of the Russian economy

Russia’s economy will continue to “shrink” in 2016, although the rate of decline of GDP will slow down compared to the previous year. On this, as reported by RIA Novosti, said the head of the International Monetary Fund (IMF), Christine Lagarde.

“We have a positive outlook for the Russian economy we continue to believe that the Russian economy will continue to shrink, less than in 2015, but still.”, - Said Lagarde.

June 16, Russian President Vladimir Putin, speaking at the St. Petersburg International Economic Forum (SPIEF), said about overcoming the recession of the Russian economy. He stressed at the same time that “the economy has adapted to the new conditions.” “Moreover, it has received a competitive advantage as a result of the introduction of a flexible exchange rate of national currency”, - Putin said.

23 June 2016

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