Russian Federation: 2014 Article IV Consultation-Staff Report; Informational Annex; Press Release

Publication Date: July 01, 2014
Electronic Access: Free Full text (PDF file size is 2,343KB).
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Summary: This 2014 Article IV Consultation highlights that the Russian Federation’s growth slowdown that began in 2011, reflecting structural constraints, continued in 2013 despite accommodative policies. Real GDP growth slowed to 1.3 percent owing to a contraction in investment while consumption remained robust owing to strong real wage growth and an unsecured consumer credit boom. The general government balance moved from a modest surplus in 2012 to a deficit of slightly more than 1 percent of GDP in 2013. The IMF staff projects real GDP growth at 0.2 percent in 2014 with considerable downside risks.
Series: Country Report No. 14/175
Subject(s): Article IV consultation reports | Economic conditions | Monetary policy | Fiscal policy | Exchange rate policy | Economic reforms | Inflation targeting | Political economy | Financial soundness indicators | Sanctions | Financial Sector Assessment Program | Staff Reports | Press releases | Russian Federation

Notes Full text also available in Russian
Publication Date: July 01, 2014
ISBN/ISSN: 9781498309929/1934-7685 Format: Paper
Stock No: 1RUSEA2014002 Pages: 73
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