11 Apr 2011 18:06

IMF ups Russian GDP growth forecast to 4.8% in 2011, 4.5% in 2012

MOSCOW. April 11 (Interfax) - The International Monetary Fund (IMF) has improved its Russian GDP growth forecast for 2011 by 0.3 of a percent compared with its January prediction to 4.8%, the IMF said in its World Economic Outlook.

The forecast for 2012 goes up 0.1 pp to 4.5%.

Forecast CIS economic growth rises 0.3 pp to 5% in 2011 and 0.1 pp to 4.7% in 2012. Minus Russia, CIS growth could be 5.5%, a 0.4 pp improvement in January's forecast, in 2011, and 5.1% in 2012, down 0.1 pp.