International Monetary Fund (IMF) Managing Director Christine Lagarde attends the session Where Is the Chinese Economy Heading? of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland in this January 21, 2016 file photoMOSCOW (Sputnik) Inflation in Russia is declining driven by the ruble’s appreciation and is estimated to reach the Russian Central Bank’s target of 4 percent this year, the International Monetary Fund (IMF) said Friday.

« Inflation [in Russia] continues to decline, driven by the ruble appreciation and still weak consumer demand, and is forecasted to reach the Central Bank’s 4 percent target this year and to remain close to it thereafter, » the 2017 IMF Article IV mission to Russia said in a statement following its visit to Moscow.

Russia’s GDP growth in 2017 is expected come to 1.4 percent as the Russian economy rebounds from a two-year recession aided by effective government policies and higher oil prices, the International Monetary Fund (IMF) said Friday.

« The economy is exiting a two-year recession that, thanks to the [Russian] authorities’ effective policy response and the


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