IMF: Russia’s GDP Will Decrease by 5.5%

The International Monetary Fund (IMF) predicts a drop in Russia’s GDP by 5.5% in 2020, according to the April report on the global economy.

In general, the global economy will shrink sharply by 3% this year. This decline will be significantly higher than in 2009 when the world economy shrank by 0.1%. In 2009, Russia’s GDP fell by 7.9%.