Russian Federation: Staff Report for the 2015 Article IV Consultation
Electronic Access:
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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.
Series:
Country Report No. 2015/211
Subject:
Banking Correspondent banking Exchange rates External debt Financial services Foreign exchange Inflation Oil prices Prices
Notes:
English
Publication Date:
August 3, 2015
ISBN/ISSN:
9781513502441/1934-7685
Stock No:
1RUSEA2015001
Pages:
63
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