IMF confirmed Russian economy’s recovery in 2017

IMF confirmed Russian economy’s recovery in 2017
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On Monday, July 24, 2017, The International Monetary Fund (IMF) confirmed its April’s prognosis regarding the gradual recovery and redevelopment of the Russian economy in 2017. It is mentioned in the July bulletin “Prospects of the development of global economy” of the organization. The bulletin was prepared for the IMF’s visiting annual meeting in Kuala-Lumpur in Malaysia.

The economy of the Russian Federationaccording to the forecastwill gradually recover in 2017”, thedocument saysThe IMF report also offers some suggestions to take advantage of the emerging opportunities from a more competitive exchange rate. These are improving the investment climate, investing in infrastructure, creating a more efficient goods marketStrengthening trade relationships, and supporting innovation