Apparently Russia's economy is going to grow faster than all the rest of the world's biggest nations.

So what gives?

Hello, you're listening to the Marketplace Morning Report and we're live from the BBC World Service. I'm Leanna Byrne.

Great to have you with us this morning. So despite all the sanctions and its war,

the International Monetary Fund, or the IMF for short, says it expects Russia's economy will grow faster than any other

advanced countries this year. The BBC's Nick Marsh is on this story and Nick just

explain to me how Russia, which is an economy that lots of other major economies are trying to avoid doing

business with, how it is expected to do so well.

Yeah, it's going to come as a bit of a surprise to a lot of people, isn't it?

Because the general story has been one of massive

challenges for the Russian economy the main reason is that although Western

economies are very powerful they're not the only economies in the world. There are plenty of other countries who are willing to buy Russian exports, especially oil.

And even though those sanctions are in place, there's lots of ways that exporters can get around them. I just do want to mention

a couple of pretty important caveats though. Firstly, we're talking about growth, not overall

health of the economy, and Russia is obviously coming from a pretty low base.

Secondly, Russia, the IMF says, will be the fastest growing economy in the West.

So not in the world. That doesn't include China China other Asian economies which are doing well

thanks for clarifying that and also in this report are their winners and losers yeah

there are I mean the IMF said look we know what COVID did to the world economy we've had inflation we've had

high interest rates you know the cost of living that many people are struggling with but

in the main most countries have avoided and will avoid recession but obviously though that doesn't mean

that for ordinary households everything's great you know the IMF has still

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