WASHINGTON (Pakistan Point News / Sputnik - 09th October, 2018) The International Monetary Fund (IMF) has raised its projections for Russian economy growth in 2019 to 1.8 percent, according to its latest World Economic Outlook (WEO) report.
�The previous WEO, published in July, projected Russia's GDP growth at 1.7 percent in 2018 and 1.5 percent in 2019.
According to the report, the current changes in projections for Russia are largely supported by higher oil prices and recovering domestic demand.
Priority areas in Russia to ensure further economic growth "include improving property rights and governance, enhancing the institutional infrastructure, reforming labor markets, and investing in innovation and infrastructure," the report says.
