Finance
IMF downgrades Russia's 2025 GDP growth forecast to 0.6%
Published by Global Banking & Finance Review®
Posted on October 14, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 14, 2025
1 min readLast updated: January 21, 2026
The IMF has revised Russia's 2025 GDP growth forecast down to 0.6%, citing high interest rates and sanctions as key factors.
MOSCOW (Reuters) -The International Monetary Fund has downgraded Russia's gross domestic product (GDP) growth forecast for 2025 to 0.6% from 0.9%, below the official government forecast of 1%.
The Russian economy, heavily sanctioned by the West, is set to slow down sharply from 4.3% growth in 2024, primarily due to the high key interest rate set by the central bank to combat inflation.
The key rate is currently at 17%, with some business leaders suggesting that a rate between 12% and 14% is necessary to reignite economic growth.
(Reporting by Gleb Bryanski; editing by Mark Heinrich)
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured by the Consumer Price Index (CPI).
A central bank is a financial institution that manages a country's currency, money supply, and interest rates, often overseeing the banking system and implementing monetary policy.
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage of the principal amount. They are influenced by monetary policy and economic conditions.
Economic growth refers to an increase in the production of goods and services in an economy over a period, typically measured by the rise in GDP.
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