According to recent forecasts, Russia's economy is projected to grow at a faster rate than all advanced economies.

Quick Summary:

The IMF estimates Russia's economy will grow faster than the likes of the US, UK and Germany this year.

The group expects the UK to have the highest inflation of any G7 economy in 2023 and 2024.

Russia is one of the world's biggest oil exporters and in February, the BBC revealed millions of barrels of fuel made from Russian oil were still being imported to the UK despite sanctions.

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Article Details

Category: Business

Markets: United KingdomCanadaFranceGermanyIsraelItalyJapanUkraine

Topics: France Russia Year Economy Group Grow Growth Germany Economies Advanced

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-16 @ 15:42:38 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 20705907

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #43

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