IMF expects fall of Russian GDP in 2015 at 3.8% compared to earlier forecast of 3%

The International Monetary Fund (IMF) expects the fall of Russia's GDP in 2015 to 3.8%, the fund said in a new analytical forecast report on Tuesday.

Earlier, the IMF predicted that Russia's GDP this year will fall by 3%. According to the new forecast of the fund, in 2016 the economic downturn in Russia will be 1.1%, while earlier the forecast was at 1%.