Russia is expected to develop by 3.2% this year, substantially faster than the UK, France, and Germany, according to the International Monetary Fund (IMF).
According to the IMF, growth has been aided by government spending that has “remained high” and oil exports that have “held steady.”
The global economy has shown to be “remarkably resilient” overall, it said.
“Despite many gloomy predictions, the world avoided a recession, the banking system proved largely resilient, and major emerging market economies did not suffer sudden stops,” the International Monetary Fund stated.
With 190 member nations, the IMF is a global organization. Businesses use them to help determine where to invest, while central banks use them to do things like them.
