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- The economy of Russia is a high-income, industrialized, mixed market-oriented economy1. It ranks eleventh in the world by nominal GDP and sixth by GDP purchasing power parity (PPP)1. Despite Western sanctions, Russia's economy has shown resilience, with the International Monetary Fund doubling its forecast for economic growth in 2022 to 2.6%2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The economy of Russia is a high-income, [ 27 ] industrialized, [ 28 ] mixed market-oriented economy. [ 29 ] It has the eleventh-largest economy in the world by nominal GDP, the sixth-largest economy by GDP purchasing power parity (PPP) according to the IMF, [ 5 ] and fourth-largest economy by GDP (PPP) according to World Bank. [ 30 ]en.wikipedia.org/wiki/Economy_of_RussiaRussia’s economy has proven to be surprisingly resilient amid waves of Western sanctions in the nearly two years since it launched its full-scale invasion of Ukraine. In late January, the International Monetary Fund more than doubled its forecast for the pace of the country’s economic growth this year, raising it from 1.1% in October to 2.6%.www.cnbc.com/2024/02/12/russias-economy-in-for …
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