IMF approved Russia’s economic policy during a pandemic

Head of the European Department of the International Monetary Fund Alfred Cammer approved the policies of the Russian authorities during the COVID-19 pandemic and stated that the actions of the government allowed the economy to recover, RIA Novosti writes. However, politician stressed that for further growth, the country requires reforms.

“Russia in 2020 faced a relatively small recession, and in 2021 he was very restred very much. Also, Russia used the right set of measures during the crisis, which supported the recovery. Fiscal policy supported [height], like monetary policy, as well as He led to a strong recovery, which now has a place, “says the representative of the IMF. Kammer added that in the medium term, the authorities should focus on structural reforms to increase productivity, and called the need to change the “main Achilles fifth” of the Russian economy in the future.

In October, the IMF raised the forecast for the growth of the Russian economy in 2021 – in July the organization expected an increase of up to 4.4 percent, and now this figure amounted to 4.7 percent. The forecast for GDP has deteriorated a little more – from 3.1 to 2.9 percent. In 2020, at the pendemic pendemic pendemic in the world, the Russian economy decreased by 3 percent.

In October, the Russian Prime Minister Mikhail Mishustine said that since the beginning of 2021, the country’s GDP increased by 4.8 percent, and the economy exceeded the premium. In addition, Mishoustin spoke about reducing unemployment.

On October 20, President Rossi Vladimir Putin approved the proposal to introduce a period of non-working days from October 30 to November 7 due to the distribution of coronavirus. The first deputy prime minister Andrey Belousov predicted that the possible loss of the country’s economy from the introduction of restrictive measures would be up to 60 billion rubles.

/Media reports.