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submitted 7 months ago by MicroWave@lemmy.world to c/world@lemmy.world

An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year.

The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany. 

Oil exports have "held steady" and government spending has "remained high" contributing to growth, the IMF said.

Overall, it said the world economy had been "remarkably resilient"

"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 IMF said.

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[-] Granixo@feddit.cl 4 points 7 months ago

But how will Oil exports remain sustainable once most of the population uses EVs?

[-] JeffKerman1999@sopuli.xyz 16 points 7 months ago

Will not happen anytime soon.

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this post was submitted on 16 Apr 2024
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