IMF Says Russian Economy Is Poised to be Global GDP Accelerator

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tradeupEconomic Counseller Maurice Obstfeld of the International Monetary Fund (IMF) has stated that Russia is among primary sources of global GDP acceleration along with the United States, Canada, Brazil, and Turkey.

That position was immediately echoed by Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), who commented:”Statements of the International Monetary Fund that Russia will be one of global GDP growth acceleration sources reflects objective realities evolved as a result of skillful monetary and budget policy, industry, and agriculture support measures, and stabilization of global oil prices. We in the RDIF believe that the Russian economy will be one of the most attractive for investments in coming years, and are ready to continue investing together with our partners into promising and quickly growing sectors, such as high technologies, construction of infrastructure, and agriculture.”

Chris Devonshire-Ellis of Dezan Shira & Associates comments: “Russia has been very active in the post-sanctions period by adopting a much more assertive position towards developing free trade with other nations and investing in digital technologies. Far greater integration with Asia is occurring as a result, and we have already seen spectacular improvements in bilateral trade figures with China, India, and ASEAN as a result in 2017. The new Russia-Asian trade corridors will be an important part of developing trade and investment flows.”

 

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Russia Briefing is written and produced by Dezan Shira & Associates. The firm provides Russian and international businesses and governments with strategic, legal, tax and operational advisory services to SMEs and MNCs investing throughout Russia and Asia. We maintain 28 offices across China, India and the ASEAN nations as well as St. Petersburg and Moscow. Please contact the firm at russia@dezshira.com visit our Russia Desk or visit our practice at www.dezshira.com

 

related-readings_rb-icons_2017 Related Reading:

related-readings_rb-rb-icons_2017Advancing Russian Free Trade with Asia, China, & the Pacific


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