Bloomberg News

IMF Says Russia Faces Risks, ‘Subdued’ Growth of 3.5% Next Year

December 09, 2011

Dec. 8 (Bloomberg) -- Russia’s economy will probably see “subdued” growth next year, with “significant downside risks” from Europe’s spreading debt crisis, an International Monetary Fund official Juha Kahkonen said.

Gross domestic product will probably expand 3.5 percent in 2012 from 4.1 percent this year, Kahkonen told reporters in Moscow today. “We think the priority for economic polices in Russia should now be to take action to mitigate the risks and have plans to act in case the risks materialize,” he said.

To contact the reporter on this story: Scott Rose in Moscow at rrose10@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net


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