Russia will grow faster than the US and all other advanced economies this year, the IMF says

• Russia's economy is predicted to grow by 3.2% in 2024, outpacing all advanced economies, including the US, the IMF said. 
• Despite the war, high investment and robust private consumption have driven Russia's economy forward. 
• The IMF expects the momentum to fade in 2025, with Russia growing at a rate of 1.8%.  

Russia's economy is expected to grow significantly faster than major developed economies this year, including the US, according to the International Monetary Fund.