You're reading: IMF keeps Russian GDP growth forecast at 4% in 2012

MOSCOW - The International Monetary Fund (IMF) is keeping its forecast for Russian GDP growth this year at 4%, despite a deteriorating situation in the global economy, Senior Resident Representative of the IMF in Russia Odd Per Brekk told journalists.

In the base scenario, the IMF expects GDP growth of 4% this year and
4% next year, despite the global economic situation, he said.

The IMF sees risks of heightened inflation in Russia. However, it
still expects that the country’s annual inflation in 2012-2013 will not
surpass the Central Bank of Russia’s (CBR) forecast and will come to
6.5% each year, Brekk said.