What will be the percentage change in Russia’s GDP in 2022 relative to its GDP in 2021, according to the IMF?
Closed Jan 01, 2023 08:01AM UTC
In response to Russia’s invasion of Ukraine, numerous countries have imposed sanctions on Russia and numerous companies have suspended operations in or pulled out of Russia (CNN, Fortune). The outcome will be determined using IMF purchasing power parity GDP data, from the first release of the World Economic Outlook Database in 2023, which is expected in April 2023. At the IMF website (IMF), choose the appropriate "World Economic Outlook Database"; then choose "Entire Dataset"; then download the "By Countries” file in the "Tab Delimited Values" section. On the spreadsheet, refer to the line of data, that has the Subject Descriptor as "Gross domestic product, constant prices" and Units as "Percent change." Russia’s GDP percentage change in constant prices for 2021 was estimated to be 4.690% according to the October 2021 report (World Economic Outlook - October 2021).
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|Possible Answer||Final Crowd Forecast|
|Lower by 20.0% or more||3%|
|Lower by more than 16.0% but less than 20.0%||3%|
|Lower by between 12.0% and 16.0%, inclusive||5%|
|Lower by more than 8.0% but less than 12.0%||6%|
|Lower by between 4.0% and 8.0%, inclusive||30%|
|Higher, or lower by less than 4.0%||53%|