The IMF raises its economic outlook for both Russia and Ukraine, even as the war between them rages on

• The International Monetary Fund upgraded its economic forecasts for Russia and Ukraine Tuesday.
• It expects both to post similar annual GDP growth to the US in 2023.
• The IMF also warned that inflation is going nowhere in 2024 – and called for central banks to keep interest rates high.

The Russian and Ukrainian economies are holding up much better than was previously thought even as the war between Moscow and Kyiv rages on, the International Monetary Fund said Tuesday.