Russian Federation: 2013 Article IV Consultation
October 21, 2013
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This 2013 Article IV Consultation highlights that real GDP growth in Russia has slowed, amid weak investment and external demand. Yet, the economy remains close to full capacity, with unemployment at historic lows and capacity utilization at pre-crisis highs. Short-term indicators are mixed, but on balance suggest some recovery of activity in recent months, indicating a stronger growth outlook for the second half of 2013. The near-term outlook is for moderate growth and inflation at the upper end of the target range of the Central Bank of the Russian Federation (CBR).
Subject: Banking, Correspondent banking, Financial services, Fiscal policy, Fiscal rules, Inflation, Oil prices, Prices, Public debt
Keywords: August, August inflation, Baltics, consensus forecast, Correspondent banking, CR, deficit, fiscal policy stance, Fiscal rules, forecast, Global, Inflation, inflation expectation, inflation objective, ISCR, monetary policy stance, Oil prices, outturn
Pages:
80
Volume:
2013
DOI:
Issue:
310
Series:
Country Report No. 2013/310
Stock No:
1RUSEA2013001
ISBN:
9781484375617
ISSN:
1934-7685
