Russia's Growth Too Slow to Catch Advanced Economies – says IMF

Rushas weathered the coronavirus pandemic better than other countries but its economic growth isia s too slow to catch up with advanced economies, the International Monetary Fund said Tuesday.

"Russia entered the Covid-19 crisis with low growth but strong policy frameworks and significant buffers," an IMF report said.

But it added that several factors, including low oil prices and sanctions, led to "lackluster growth" that was "insufficient" to match advanced economies. br>
Since 2014, Russia's tax policy "resulted in low public debt and reserve accumulation," the IMF said, adding that the central bank "brought inflation down and contributed to significant de-dollarization" that made the economy more resistant.

Read more at: Russia's Growth Too Slow to Catch Advanced Economies – IMF - The Moscow Times