Robin Brooks, chief economist at the Institute of International Finance, forecasts that Russia’s economy will shrink by a massive 15% this year
Jake Epstein
May 24, 2022
The "economy is imploding. We forecast a GDP collapse of -30% by end-2022," Robin Brooks, the chief economist at the Institute of International Finance trade group, tweeted on Sunday.
Jul 27, 2022
The IMF forecast Russia's economy to contract 6% this year — an improvement from its April forecast.
Russia's crude-oil and energy exports have been holding up better than expected, said IMF.
Global economic outlook is gloomy, with growth likely to hit 3.2% this year, down from 6.1% in 2021.
