{"id":88884,"date":"2022-07-27T07:15:32","date_gmt":"2022-07-27T07:15:32","guid":{"rendered":"https:\/\/omni48.com\/news\/despite-sweeping-sanctions-russia-s-economic-outlook-has-improved-since-april-but-it-s-gotten-worse-for-almost-every-other-country"},"modified":"2022-07-27T07:15:32","modified_gmt":"2022-07-27T07:15:32","slug":"despite-sweeping-sanctions-russia-s-economic-outlook-has-improved-since-april-but-it-s-gotten-worse-for-almost-every-other-country","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/despite-sweeping-sanctions-russia-s-economic-outlook-has-improved-since-april-but-it-s-gotten-worse-for-almost-every-other-country","title":{"rendered":"Despite sweeping sanctions, Russia’s economic outlook has improved since April — but it’s gotten worse for almost every other country"},"content":{"rendered":"

Russian President Vladimir Putin. Mikhail Svetlov\/Getty ImagesThe IMF forecast Russia’s economy to contract 6% this year — an improvement from its April forecast.Russia’s crude-oil and energy exports have been holding up better than expected, said IMF.Global economic outlook is gloomy, with growth likely to hit 3.2% this year, down from 6.1% in 2021.Russia’s economy is holding up better than expected amid sweeping sanctions over its invasion of Ukraine, according to the International Monetary Fund’s World Economic Outlook report issued on Tuesday.The IMF slashed growth forecasts for almost every country, but upgraded Russia’s economic forecast — with the country’s economy still contracting, but by 6% — an improvement from the IMF’s April forecast of an 8.5% contraction.That’s because Russia’s crude-oil and non-energy exports have been “holding up better than expected,” the IMF wrote in its report. “In addition, domestic demand is also showing some resilience thanks to containment of the effect of the sanctions on the domestic financial sector and a<\/p>\n","protected":false},"excerpt":{"rendered":"

The IMF forecast Russia’s economy to contract 6% this year — an improvement from its April forecast. Russia’s crude-oil and energy exports have been holding up better than expected, said<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22,1],"tags":[27],"class_list":["post-88884","post","type-post","status-publish","format-standard","hentry","category-economy","category-news","tag-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/88884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=88884"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/88884\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=88884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=88884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=88884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}