[Russia] - IMF Lowers Russia's 2024 GDP Growth Forecast

INSUBCONTINENT EXCLUSIVE:
latest World Economic Outlook report.The updated forecast placed Russia at the bottom of the IMF's list of major emerging markets and
own 2024 GDP growth forecast to 0.5-1.5%, compared to 0.5-2.5% in July.The IMF's updated forecast comes as Moscow plans to increase defense
result of a rapid increase in government spending to fund its invasion of Ukraine, and efforts to battle inflation are likely to stunt
growth.