Russian Federation: Staff Report for the 2015 Article IV Consultation

August 3, 2015

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Format: Chicago

Russian Federation: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed September 19, 2024

Also available in: русский

Summary

This 2015 Article IV Consultation highlights that Russia entered 2014 with declining potential growth owing to the stabilization of oil prices, stalled structural reforms, weak investment, declining total factor productivity, and adverse population dynamics. In addition, the ongoing slowdown was exacerbated by the dual external shocks from the sharp decline in oil prices and sanctions. The authorities took measures to stabilize the economy and the financial system. Russia is expected to be in recession in 2015 owing to the sharp drop in oil prices and sanctions. Growth should resume in 2016 while inflation continues to decline.

Subject: Banking, Correspondent banking, Exchange rates, External debt, Financial services, Foreign exchange, Inflation, Oil prices, Prices

Keywords: Baltics, Correspondent banking, Cost of capital, CR, Exchange rate, Exchange rates, Financial asset, Global, Government, Increase competition, Inflation, ISCR, Oil price benchmark, Oil prices, Public finance, Resolution framework, Ruble depreciation, Russia

Publication Details

Pages:

63
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/211
Stock No:

1RUSEA2015001
ISBN:

9781513502441
ISSN:

1934-7685

Notes

Also Available in Russian

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